Centamin PLC: Market Update
PERTH, AUSTRALIA -- (Marketwire) -- 11/26/12 -- *T
For immediate release 26 November 2012
Centamin plc ("Centamin" or "the Company")
Centamin announces that the appeal against the 30th October
Administrative Court judgment is currently being filed through its
subsidiary Pharaoh Gold Mines ("PGM").
Operations and the Stage 4 expansion project at Sukari have continued
as normal since the Court judgment and are planned to continue to do so
whilst the appeal process is underway.
The Company took the decision to suspend gold exports pending the
lodgement of the appeal. As the appeal is now being lodged we are
preparing to resume exports. The Company manages its working capital
in country through gold sales and consequently a gold shipment is
required shortly to ensure that on-going working capital commitments
can be met.
For more information please contact:
Centamin plc Buchanan
Josef El-Raghy, Chairman Bobby Morse
+44 207 569 1670 Cornelia Browne
Andy Davidson, Head of Business Development and Gabriella Clinkard
Investor Relations + 44 (0)20 7466 5000
+44 (0) 20 7569 1671
This information is provided by RNS
The company news service from the London Stock Exchange
Press spacebar to pause and continue. Press esc to stop.