Centamin plc (, ) is a gold mining company focused on the
Arabian-Nubian Shield
The Arabian-Nubian Shield (ANS) is an exposure of Precambrian crystalline rocks on the flanks of the Red Sea. The crystalline rocks are mostly Neoproterozoic in age. Geographically - and from north to south - the ANS includes parts of Israel, Jo ...
. It has offices in London, UK; Mount Pleasant, Western Australia; and Alexandria, Egypt. Its registered office is in Jersey. It is listed on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
and the
Toronto Stock Exchange
The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in t ...
and is a constituent of the
FTSE 250 Index
The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...
.
History
Centamin was first listed on the
Australian Stock Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...
in 1970.
[Centamin Egypt – 12 million ounces of gold and rising]
Proactive Investors, 29 August 2008 In 1999 it acquired Pharaoh Gold Mines, a company that had been exploring for gold in
Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediter ...
since 1995, and became "Centamin Egypt".
[ The Company was granted a 160 square kilometre exploitation lease over the Sukari Gold Project in the eastern desert of Egypt in 2005.][ A listing was secured on the ]Toronto Stock Exchange
The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in t ...
in 2007 to raise funding for production[ and first gold was poured in June 2009.][Centamin Egypt on track for imminent production]
Daily Telegraph, 7 April 2009 The Company moved to a full listing on the London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
in November 2009 and was delisted from the Australian Stock Exchange in 2010. In 2011 it redomiciled to Jersey and changed its name to "Centamin plc".
Operations
The Company operates the Sukari Gold Mine in the Eastern Desert
The Eastern Desert (Archaically known as Arabia or the Arabian Desert) is the part of the Sahara desert that is located east of the Nile river. It spans of North-Eastern Africa and is bordered by the Nile river to the west and the Red Sea and ...
of Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediter ...
,[ some 700 km from Cairo and 25 km from the Red Sea. First gold was poured at Sukari in June 2009 and commercial production began on 1 April 2010, making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the precious metal.]
References
External links
Official site
{{Authority control
Companies listed on the Toronto Stock Exchange
Non-renewable resource companies established in 1970
Companies based in Perth, Western Australia
Gold mining companies of Australia
Companies listed on the London Stock Exchange
1970 establishments in Australia