Egypt-focused gold mining and exporting company Centamin has confirmed that the halt by customs on gold exports from Sukari has been lifted and a shipment was made on Sunday December 16th.
A statement published by the company said: "We expect both fuel supply and normal operations at Sukari to resume in the coming days, once payment for the latest shipment has been received and working capital in the operating company, Sukari Gold Mines, has subsequently been replenished. Centamin will provide a further market update when this occurs."
Centamin's shares took a battering last week when it said that it has been forced to suspend mining at its flagship Sukari mine after fuel supplies and gold export issues.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"We continue to benefit from the support and cooperation of the Ministry of Petroleum and our partners in the project, the Egyptian Mineral Resources Authority (EMRA)."
RF
-
Is Donald Trump's re-election a wake-up call for Europe?Donald Trump will turbocharge the US economy – and expose Europe's weakness
-
German chancellor Olaf Scholz's coalition collapses – what went wrong?EU Economy After Olaf Scholz fired a key minister, Germany's coalition has collapsed. But political turmoil in the country couldn’t have come at a worse time
