Market update

RNS Number : 8456P

Centamin PLC

30 October 2012

 



For immediate release

30 October 2012

Centamin plc ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

Market update

Centamin notes media reports this morning that its Concession Agreement to extract gold from the Sukari mine has been annulled.

Comments reportedly made by an Egyptian administrative court this morning have given rise to speculation that parts of the Concession Agreement may have, in fact, been suspended.  However at this time, no details of a final decision are availableand no written judgement has been given.

Centamin confirms that it is not a party to this case, repeats its view that the concession as law 222 of 1994 remains valid and that the court does not have jurisdiction to cancel it.  

The Company will inform the market further as soon as more information is available. In the meantime normal mining operations continue.

For more information please contact:

Centamin plc Josef El-Raghy, Chairman [phone] Andy Davidson, Head of Business Development and Investor Relations ([e-mail]) [phone]

Buchanan Bobby Morse Cornelia Browne Gabriella Clinkard + 44 (0) 20 7466 5000

 

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