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Centamin to appeal court ruling over Egypt mine

Cairo, October 31, 2012

A Centamin executive said on Wednesday that the London-listed firm was appealing a court ruling that declared its Sukari mine deal in Egypt invalid, a decision that sent the company's shares tumbling a day earlier.

"Of course we are appealing this ruling," Youssef El-Raghy, general manger of the Centamin's Egyptian operations, told the Arabic satellite channel Al-Arabiya when asked whether the company would appeal. – Reuters




Tags: Egypt | Mine | appeal | Court Ruling | centamin |

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