Gold exporting resumes at Centamin

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.

"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