Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
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1. He added the firm expected further increases in plant throughput during the coming quarters, as
well as better average grades.The company also said it was in the final stage of talks with the
Egyptian government, seeking an approval to increase the amount of ammonium nitrate it uses as
explosives for Cheap RS Gold.
Centamin problems in Egypt go back to 2012, when?a court cancelled its mining license for
Sukari, the firm’s only producing mine, and the country’s first large-scale modern gold
operation.Last year,?a 400 kg gold shipment?from Sukari?was prevented from leaving Egypt as
authorities claimed Centamin needed a permit from the national petroleum ministry to do so.Both
the Egyptian General Petroleum Corporation (EGPC) and Egypt's Mineral Resources Authority
(EMRA)?said in mid-December 2012?
that their dispute with Centamin had been settled and that they would authorize the firm’s gold
shipments.Fast-forward almost two years and the company is still?dealing with the issue.
However?Centamin’s shares have doubled over the past year as it has insisted its rights will be
protected and as it has held out the prospect of a dividend.Images?courtesy of Centamin.