Tuesday, 3 April, 2007 - 22:00
Finding value behind the millions
The mining and property booms have created unprecedented wealth in Western Australia. WA Business News looks at the individuals leading the charge.
Josef El-Raghy is the chairman of Egyptian gold producer Centamin. Mr El-Raghy holds a Bachelor of Commerce degree from the University of Western Australia and had a ten year career in stockbroking. He was formerly a director of CIBC Wood Gundy and Paterson Ord Minnett.
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The mining and property booms have created unprecedented wealth in Western Australia. WA Business News looks at the individuals leading the charge.
Centamin’s move to the AIM in London last year has put it in the right place to attract British and European investment.
The value of shares held by some of the biggest names in mining have slumped along with the companies they lead, but there are pockets of good news in what has been a tough year on the markets.
Subiaco-based gold explorer Ampella Mining has recommended its shareholders approve a proposed $41 million off-market takeover bid from Egypt-focused miner Centamin.
Africa-focused gold explorer Ampella Mining has appointed Josef El-Raghy as chairman.Mr El-Raghy, who is also chairman of Egyptian gold producer Centamin, will replace Peter Mansell.
SPECIAL REPORT: Some of WA’s top company directors have achieved extraordinary gains in their wealth over the past year, and while most held onto their shares, a group of 11 reaped more than $180 million from share sales.
Perth-based gold explorer AIC Resources, chaired by Centamin founder Josef El-Raghy, got off to a solid start in trading today after raising $10 million in its initial public offering.
Joseph El-Raghy-led AIC Resources has agreed to a reverse takeover deal with NSW-based Intrepid Mines.
Intrepid Mines and AIC Resources have agreed to a revised merger deal, less than three weeks after Intrepid’s initial attempt to acquire the Subico-based gold junior lapsed.
Our daily board moves wrap includes Zhao Tong, Josef El-Raghy, Aaron Colleran, Brett Montgomery, Peter Evans, Richard Baumfield, Ronald Beevor, Albert YuZi Zhou, and Phil McKeiver.
Shares in ASX-listed WIA Gold rose by 18 per cent on Monday, following news that the company would raise $16.9 million in order to enhance project growth and exploration activities.
Shares in Subiaco-based AIC Mines closed 9 per cent down to 53.5 cents per share on Friday, following news that the company plans to raise $57.2 million in order to advance its Queensland-based Jericho copper mine.
Josef El-Raghy led Wia Gold has announced plans to raise $30 million in order to accelerate expansion growth at its Kokoseb gold project in Namibia.
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Josef El-Raghy is linked to 6 organisations which are included in 2 lists - Public Companies - non WA and Public Companies - Resources WA.
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