Centamin PLC CEY Market Update

  Centamin PLC (CEY) - Market Update

RNS Number : 9663R
Centamin PLC
26 November 2012




For immediate release 26 November 2012



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

                              (LSE:CEY, TSX:CEE)





                                Market update

                                      

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 Investor Gabriella Clinkard
Relations
                                                         + 44 (0) 20 7466 5000
(andy.davidson@centamin.co.uk)

+44 (0) 20 7569 1671







                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCDQLBLLFFLFBD -0- Nov/26/2012 07:33 GMT