Centamin Egypt will delist from the Australian Securities Exchange due to the high costs for a shareholder base that accounts for less than 15 per cent of the miner's share capital.
NO matter which way you cut it, the 2008-09 financial year was a shocker for investors in local companies, with only 110 of the 730 or so Western Australian-listed companies managing a positive return of any sort.
Gold miner Centamin Egypt has raised $C29.6 million ($A32 million) through a private placement to three unnamed large North American resource-focused funds.
Centamin Egypt has stepped up to producer status after it achieved first gold pour on schedule at its Sukari operation, the first commercial gold mine in Egypt.
Centamin Egypt has entered into an agreement with Macquarie Bank for a $US25 million ($A35 million) loan facility for the development of its Sukari gold project.
LOCALLY-BASED gold explorer Centamin Egypt Limited has resolved a dispute with the Egyptian Government at its operations in the country, clearing the way for development of its Sukari gold project.
Exciting times lie ahead for Perth-based Centamin NL — recently renamed Centamin Egypt Limited — following corporate moves to break into gold producer status.
13 Apr 1999
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