RCS - Centamin PLC - Centamin to sponsor Egyptian Mining Forum

CentaminAnnouncement

16/07/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240716:nRSP4918Wa&default-theme=true

RNS Number : 4918W  Centamin PLC  16 July 2024

16 July 2024

Centamin plc

("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

 

CENTAMIN TO SPONSOR EGYPTIAN MINING FORUM AS REGION ATTRACTs major GLOBAL INTEREST & INVESTMENT

 

As part of Centamin's commitment to assist in the development of the Egyptian
mining sector, the Company is delighted to announce that it will be partnering
with the Egyptian Mining Forum this week as the events primary sponsor. The
event is set to celebrate the increasing prominence of mining in Egypt and
highlight the role that innovative technologies and sustainable practices are
playing throughout the sector, whilst promoting the exciting untapped mineral
and exploration opportunities in the region.

Hosted by the Ministry of Petroleum and Mineral Resources with support from
the Egyptian Mineral Resources Authority (EMRA), the 2024 Mining Forum is
occurring as Egypt emerges as an exciting destination for global mining
investment. With over 4,000 attendees set to attend the Forum between 16-17
July, the event will facilitate collaboration between senior government
officials, industry thought leaders, emerging exploration companies, financial
institutions and investors. With an impressive schedule of events and
speeches, discussions will explore the opportunities and challenges of
accelerating Egypt as a leading global mining destination.

As the operators of the Sukari Gold Mine, the first large scale modern gold
mine in Egypt and one of the world's largest producing mines, Centamin is
committed to the ongoing development of Egypt as a premier global mining
destination through its continued work and investment in country. The Company
will be represented at the Forum by CEO Martin Horgan, Country Manager Amr
Hassouna and Head of Exploration Howard Bills who look forward to the various
stimulating conversations that are set to take place around investment into
the region, innovation, talent and exploration amongst many other topics.

If you are present at the Forum, please do take time to go visit the Centamin
stand and meet the team.

Speaking at the Forum in Cairo this week, Centamin CEO Martin Horgan reflects
on the burgeoning industry in Egypt: "Gold mining has a rich history in Egypt
that dates back to the Pharaohs. As the joint-owner and operator of the Sukari
Gold Mine, in partnership with the Egyptian government, we have seen
first-hand the growth of the industry over recent decades as well as the many
economic and social benefits that mining can provide to a country. We look
forward to celebrating the sector with all those attending the Forum in Cairo
this week and to continuing the strong relationships we have with all our
various Egyptian partners well into the future."

Centamin Egypt Country Manager Amr Hassouna commented: "Egypt is considered to
be one of the most prospective destinations for major global companies
operating in the mining sector. With distinctive advantages ranging from its
geologically rich mineral resources, stable political environment with strong
support for foreign direct investment, good security and infrastructure
networks and deep pool of human capital, there is an abundance of
opportunities for mining in Egypt.

About Centamin

Centamin is an established gold producer, with premium listings on the London
Stock Exchange and Toronto Stock Exchange. Following a period of 'reset'
including a significant refresh of the Board and management team, the Company
is now entering a growth phase, balanced with stakeholder returns. The
Company's flagship asset is the Sukari Gold Mine ("Sukari"), Egypt's largest
and first modern gold mine, as well as one of the world's largest producing
mines. Since production began in 2009 Sukari has produced over 5.7 million
ounces of gold, and today has 6.0Moz in gold Mineral Reserves. Through its
large portfolio of exploration assets in Egypt and Côte d'Ivoire, Centamin is
advancing an active pipeline of future growth prospects, including the Doropo
project in Côte d'Ivoire, and has over 3,000km(2) of highly prospective
exploration ground in Egypt's Nubian Shield.

Centamin practices responsible mining activities, recognising its
responsibility to deliver operational and financial performance and create
lasting mutual benefit for all stakeholders through good corporate
citizenship, including but not limited to in 2024, achieving new safety
records (8 million hours LTI-free), commissioning of the largest hybrid solar
farm for a gold mine (Sukari 36MW(DC) solar plant), sustaining a 96% Egyptian
workforce and a 68% Egyptian supply chain at Sukari.

FOR MORE INFORMATION, please visit the website www.centamin.com
(http://www.centamin.com) or contact:

 Centamin plc                                                  FTI Consulting

 Michael Stoner, Head of Corporate                             Ben Brewerton / Sara Powell / Nick Hennis

 investor@centaminplc.c (mailto:investor@centaminplc.com) om   +442037271000
 (mailto:investor@centaminplc.com)

                                                               centamin@fticonsulting.com (mailto:centamin@fticonsulting.com)

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRASFUESIELSESW