Centamin to sponsor Egyptian Mining Forum

Centamin PLC
16 July 2024
 

16 July 2024

Centamin plc

("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

 

CENTAMIN TO SPONSOR EGYPTIAN MINING FORUM AS REGION ATTRACTs major GLOBAL INTEREST & INVESTMENT

 

As part of Centamin's commitment to assist in the development of the Egyptian mining sector, the Company is delighted to announce that it will be partnering with the Egyptian Mining Forum this week as the events primary sponsor. The event is set to celebrate the increasing prominence of mining in Egypt and highlight the role that innovative technologies and sustainable practices are playing throughout the sector, whilst promoting the exciting untapped mineral and exploration opportunities in the region.

Hosted by the Ministry of Petroleum and Mineral Resources with support from the Egyptian Mineral Resources Authority (EMRA), the 2024 Mining Forum is occurring as Egypt emerges as an exciting destination for global mining investment. With over 4,000 attendees set to attend the Forum between 16-17 July, the event will facilitate collaboration between senior government officials, industry thought leaders, emerging exploration companies, financial institutions and investors. With an impressive schedule of events and speeches, discussions will explore the opportunities and challenges of accelerating Egypt as a leading global mining destination. 

As the operators of the Sukari Gold Mine, the first large scale modern gold mine in Egypt and one of the world's largest producing mines, Centamin is committed to the ongoing development of Egypt as a premier global mining destination through its continued work and investment in country. The Company will be represented at the Forum by CEO Martin Horgan, Country Manager Amr Hassouna and Head of Exploration Howard Bills who look forward to the various stimulating conversations that are set to take place around investment into the region, innovation, talent and exploration amongst many other topics.

If you are present at the Forum, please do take time to go visit the Centamin stand and meet the team.

Speaking at the Forum in Cairo this week, Centamin CEO Martin Horgan reflects on the burgeoning industry in Egypt: "Gold mining has a rich history in Egypt that dates back to the Pharaohs. As the joint-owner and operator of the Sukari Gold Mine, in partnership with the Egyptian government, we have seen first-hand the growth of the industry over recent decades as well as the many economic and social benefits that mining can provide to a country. We look forward to celebrating the sector with all those attending the Forum in Cairo this week and to continuing the strong relationships we have with all our various Egyptian partners well into the future."

Centamin Egypt Country Manager Amr Hassouna commented: "Egypt is considered to be one of the most prospective destinations for major global companies operating in the mining sector. With distinctive advantages ranging from its geologically rich mineral resources, stable political environment with strong support for foreign direct investment, good security and infrastructure networks and deep pool of human capital, there is an abundance of opportunities for mining in Egypt.

About Centamin

Centamin is an established gold producer, with premium listings on the London Stock Exchange and Toronto Stock Exchange. Following a period of 'reset' including a significant refresh of the Board and management team, the Company is now entering a growth phase, balanced with stakeholder returns. The Company's flagship asset is the Sukari Gold Mine ("Sukari"), Egypt's largest and first modern gold mine, as well as one of the world's largest producing mines. Since production began in 2009 Sukari has produced over 5.7 million ounces of gold, and today has 6.0Moz in gold Mineral Reserves. Through its large portfolio of exploration assets in Egypt and Côte d'Ivoire, Centamin is advancing an active pipeline of future growth prospects, including the Doropo project in Côte d'Ivoire, and has over 3,000km2 of highly prospective exploration ground in Egypt's Nubian Shield.

Centamin practices responsible mining activities, recognising its responsibility to deliver operational and financial performance and create lasting mutual benefit for all stakeholders through good corporate citizenship, including but not limited to in 2024, achieving new safety records (8 million hours LTI-free), commissioning of the largest hybrid solar farm for a gold mine (Sukari 36MWDC solar plant), sustaining a 96% Egyptian workforce and a 68% Egyptian supply chain at Sukari.

FOR MORE INFORMATION, please visit the website www.centamin.com or contact:

Centamin plc

Michael Stoner, Head of Corporate

investor@centaminplc.com   

FTI Consulting

Ben Brewerton / Sara Powell / Nick Hennis

+442037271000

centamin@fticonsulting.com

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings