Centamin rises as solar plant in Egypt enters final stages of commissioning
13/10/2022 08:57
** Shares of gold miner Centamin CEY.L up as much as 3.4%
at 86.38p
** Co says it is in the final stages of commissioning for
its solar plant at Sukari Gold Mines in Egypt; adds it will
deliver savings ahead of expectations
** CEY also says progress has been made to assess the
opportunity to utilise Egyptian grid power at Sukari
** Co expects full commissioning of the solar plant in
Sukari to be completed in Q4 2022
** CEY expects $20 million in annual cost savings at current
diesel prices from Sukari plant commissioning
** Including session's gains stock down 3% YTD
(Reporting by Sinchita Mitra in Bengaluru)
((Sinchita.mitra@thomsonreuters.com))