Centamin Egypt
Encyclopedia
Centamin Egypt Limited is a gold mining business. It is based in Mount Pleasant
in Western Australia
. It is listed on the London Stock Exchange
and the Toronto Stock Exchange
and is a constituent of the FTSE 250 Index
.
in 1970. In 1999 it acquired Pharaoh Gold Mines which had been exploring for gold in Egypt
since 1995. The Company was granted a 160 square kilometre exploitation lease over the Sukari Hill gold project in 2005. A listing was secured on the Toronto Stock Exchange
in 2007 to raise funding for production and mining started in 2009. The Company moved to a full listing on the London Stock Exchange
in 2009 and was delisted from the Australian Stock Exchange in 2010.
of Egypt
.
It is a rapidly growing gold producer with the Sukari Gold Mine, located in the Eastern Desert of Egypt some 25km from the Red Sea coast. Gold production at Sukari commenced in June 2009 making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the metal. In 2010, Sukari produced 150,000oz of gold.
Mount Pleasant, Western Australia
Mount Pleasant is a suburb of Perth, Western Australia, located within the City of Melville on the Canning River.Mount Pleasant hosts the Head of the River Rowing event, as part of the Public Schools Association, an elite boys schools association in Perth....
in Western Australia
Western Australia
Western Australia is a state of Australia, occupying the entire western third of the Australian continent. It is bounded by the Indian Ocean to the north and west, the Great Australian Bight and Indian Ocean to the south, the Northern Territory to the north-east and South Australia to the south-east...
. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
Centamin was first listed on the Australian Stock ExchangeAustralian Stock Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
in 1970. In 1999 it acquired Pharaoh Gold Mines which had been exploring for gold in Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
since 1995. The Company was granted a 160 square kilometre exploitation lease over the Sukari Hill gold project in 2005. A listing was secured on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
in 2007 to raise funding for production and mining started in 2009. The Company moved to a full listing on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 2009 and was delisted from the Australian Stock Exchange in 2010.
Operations
The Company operates the Sukari Hill Gold Mine in the Eastern DesertEastern Desert
The Eastern Desert is the section of Sahara Desert east of the Nile River, between the river and the Red Sea. It extends from Egypt in the north to Eritrea in the south, and also comprises parts of Sudan and Ethiopia.-Features:...
of Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
.
It is a rapidly growing gold producer with the Sukari Gold Mine, located in the Eastern Desert of Egypt some 25km from the Red Sea coast. Gold production at Sukari commenced in June 2009 making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the metal. In 2010, Sukari produced 150,000oz of gold.