Centamin

From Wikipedia, the free encyclopedia
Centamin plc
Public limited company
Traded as LSECEY, TSXCEE
Industry Gold mining
Founded 1970
Headquarters Mount Pleasant, Western Australia
Key people
Josef El-Raghy (Chairman)
Andrew Pardey (CEO)
Revenue US$687.4 million (2016)[1]
US$266.8 million (2016)[1]
US$214.8 million (2016)[1]
Website www.centamin.com

Centamin plc (LSECEY, TSXCEE) is a gold mining company focused on the Arabian-Nubian Shield. It has offices in London, UK; Mount Pleasant, Western Australia; and Alexandria, Egypt. Its registered office is in Jersey. It is listed on the London Stock Exchange and the Toronto Stock Exchange and is a constituent of the FTSE 250 Index.

History

Centamin was first listed on the Australian Stock Exchange in 1970.[2] In 1999 it acquired Pharaoh Gold Mines, a company that had been exploring for gold in Egypt since 1995, and became "Centamin Egypt".[2] The Company was granted a 160 square kilometre exploitation lease over the Sukari Gold Project in the eastern desert of Egypt in 2005.[3] A listing was secured on the Toronto Stock Exchange in 2007 to raise funding for production[2] and first gold was poured in June 2009.[3] The Company moved to a full listing on the London Stock Exchange in November 2009[4] and was delisted from the Australian Stock Exchange in 2010.[5] In 2011 it redomiciled to Jersey and changed its name to "Centamin plc".[6]

On 19 May 2016 it was reported that Richard Osman, who had also been a senior executive of Centamin, was one of the passengers of the vanished EgyptAir Flight 804.[7]

Operations

The Company operates the Sukari Gold Mine in the Eastern Desert of Egypt,[3] some 700 km from Cairo and 25 km from the Red Sea. First gold was poured at Sukari in June 2009 and commercial production began on 1 April 2010, making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the precious metal.[8]

References

  1. ^ a b c "Annual Results 2016" (PDF). Centamin. Retrieved 16 April 2017. 
  2. ^ a b c Centamin Egypt – 12 million ounces of gold and rising Archived December 2, 2009, at the Wayback Machine. Proactive Investors, 29 August 2008
  3. ^ a b c Centamin Egypt on track for imminent production Daily Telegraph, 7 April 2009
  4. ^ Aim's winners and losers Investors Chronicle, 18 June 2010
  5. ^ Centamin starts Egypt gold exports Daily Telegraph, 11 January 2010
  6. ^ Centamin Egypt plans to redomicile to Jersey Egypt Independent
  7. ^ "Welsh man Richard Osman on board plane". BBC. 19 May 2016. Retrieved 20 May 2016. 
  8. ^ Els, Frik (30 October 2012). "Investors flee Centamin after Egyptian court annuls gold concession". mining.com. 

External links

  • Official site
Retrieved from "https://en.wikipedia.org/w/index.php?title=Centamin&oldid=798344345"
This content was retrieved from Wikipedia : http://en.wikipedia.org/wiki/Centamin
This page is based on the copyrighted Wikipedia article "Centamin"; it is used under the Creative Commons Attribution-ShareAlike 3.0 Unported License (CC-BY-SA). You may redistribute it, verbatim or modified, providing that you comply with the terms of the CC-BY-SA