30 Oct 2012
For immediate release 30 October 2012
Centamin plc ("Centamin" or "the Company")
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:
Josef El-Raghy, Chairman
+44 207 569 1670
Andy Davidson, Head of Business Development and Investor Relations
+44 (0) 20 7569 1671
+ 44 (0) 20 7466 5000
To view the full release click on the link below:
Market update (206KB PDF)