October 22, 2020

Centamin awaits more collaboration with EMRA


ArabFinance: Centamin said it looks forward to continuing to work with its partners at the Egyptian mineral resources authority (EMRA) as well as the Ministry of Petroleum and Mineral Resources, according to an October 21st press release.

The company also intends to further develop Egypt’s gold industry, Centamin said, noting that it submitted applications for several new exploration licenses during September.

The firm stated that on December 2nd it “will present the conclusions of the Phase 1 Life of Asset”, noting that this will cover in more detail the three-year outlook for Sukari, besides a series of initiatives targeted at improving costs and productivity.

Centamin previously expected a decline in its annual production after delaying mining operations at Egypt’s Sukari area for safety reasons.

arabfinance


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