Centamin's flagship Sukari contract at risk, shares suspended

Centamin plummeted on Tuesday morning shortly before trading in the shares was suspended on concerns that it could lose its flagship Sukari gold mine in Egypt.

Centamin plummeted on Tuesday morning shortly before trading in the shares was suspended on concerns that it could lose its flagship Sukari gold mine in Egypt.

According to media reports, an Egyptian court has said that the gold miner's contract to mine Sukari has been withdrawn, after a decision in 2005 to award the company the contact was over-ruled.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.