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Centamin

Economic Contribution

Economic Contribution

We adopt a comprehensive development plan for each position to enhance skills and qualifications for the Egyptian staff to become a workforce of international repute in the world mining industry.

Egypt Statistics (1)

  • direct payments to the government including:

a) an entitlement of US$51 million profit share to 31 December 2016; and

b) royalty payments of US$103 million to 31 December 2016.

  • approximately US$3 billion investment to date (including capital and operational expenditure).

  • An average of c.1,340 Egyptian employees (70 expatriates) and over 270 Egyptian companies supplying Sukari.

(1) Totals to 31 December 2016

In-country wages
The average basic wage at Sukari is almost 5 times the national minimum. In addition, employees can earn up to 60% over the annual salaries with a quarterly bonus scheme.  Bonuses are awarded based on productivity and cost targets.

Full details of the payments to government organisations can be found here.
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Burkina Faso

Burkina Faso – Economic contribution

The economic contribution that has been made to Burkina Faso includes:

Job creation - c.100 permanents employees and 268 casuals from villages around the operations;
Purchases from local supplies
Annual payments on customs duties and related taxes

Côte d’Ivoire

Côte d’Ivoire – Economic contribution

The company's economic contribution in Côte d’Ivoire includes:

Job creation - 58 permanents employees and more than 136 casual workers from villages around the operations
Purchases from local supplies
Customs duties and related taxes