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Centamin Ord Shs T.CEE

Alternate Symbol(s):  CELTF

Centamin plc is a Jersey-based gold producer. Its assets include Sukari Gold Mine, Doropo Gold Project and ABC Project. The Sukari is a bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160 square kilometers (km2) tenement. The Doropo Project consists of seven exploration permits, covering an area of over 1,850 km2. The Doropo Project is in the northeast of Cote d’Ivoire, over 480 kilometers (km) north of Abidjan. The ABC Project is in northwest Cote d'Ivoire, over 550 km northwest of Abidjan and 460 km west of Centamin's Doropo project. Its EDX Blocks comprise 3,000 km2 of greenfield exploration tenements within the Egyptian section of the Arabian Nubian Shield. The land package is divided into three blocks: Nugrus Block, which covers over 1,086 km2, Um Rus Block, which is located 50 km north of Sukari, and Najd Block, which is located 100 km northwest of Sukari in the Central Eastern Desert.


TSX:CEE - Post by User

Bullboard Posts
Comment by galvanizedon Apr 27, 2011 6:47pm
253 Views
Post# 18497344

RE: RE: Gold $1525

RE: RE: Gold $1525With gold at 1525 CEE can afford to pay it's workers better and avoid the kind of labor unrest that is bothering a lot of other Egyptian businesses right now.  Food has gotten expensive, folks are hungry, and so they are pissed.   For sure the new Egyptian government needs the royalty income and also is trying it's best to encourage foreign investment.   As Centamin is the only gold miner in Egypt, there is no in country expertise when it comes to gold mining.  it is very unlikely that they will want to kill the goose that is laying the golden eggs.   I would be more worried about a gold miner in America, that I would worry about Centamin.
Bullboard Posts