Egypt Mining News

Centamin shareholders get bumper divvy, despite 2017 profit fall

Egypt-focused gold miner is paying a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.

Centamin jumps on better-than-expected gold output estimates

The Egypt-focused gold miner also expects solid growth this year. It’s targeting 580,000 ounces in production, up from an estimate of 550,000-560,000 ounces.

LOESCHE involved in new construction project with three vertical roller mills for large cement plant in Egypt

LOESCHE is involved in the new construction of a large cement plant in Egypt with three vertical roller mills.

Egypt awards gold mining tender to four companies

Two of them are foreign firms.

Centamin shares fall after reporting profit and production declines

Despite the drop in production, the gold miner kept guidance unchanged for its 2017 financial year at 540,000 ounces.

Mining no longer top sector attracting investors to Africa — report

Industrial and precious metals, coal, oil, as well as natural gas, collectively accounted for just 6.2% of foreign direct investment into the continent last year.

Egypt opens gold assets to foreign companies, first time since 2009

First international tender for gold mining concessions in eight years to be held on Sunday.

Egypt ancient gold mines offer clues on country’s untapped vast mineral deposits

The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.

Pharaohs' shadow an omen in Egypt gold search

Egypt's gold mining industry has for years been long on potential and short on investment.

Centamin ups 2016 production target for its gold mine in Egypt

The miner is one the very few bullion miners to have performed well during one of the most difficult markets conditions affecting gold producers in decades.

The world's 10 driest mines

Average annual precipitation at many of these mines is zero.

Centamin stock dives on below-expectations 2015 gold output forecast

The gold miner said it expected to produce 420,000 ounces at its only operating mine in Egypt this year, missing some analyst expectations.

Centamin shares jump on Sukari gold mine results

The firm mined 93,624 ounces of the yellow metal in the three months to end September and it also maintained its full-year production forecast of 420,000 ounces of gold.

No end in sight for Centamin legal fight over gold mine in Egypt

An appeal case on the company’s right to mine in Egypt is seen taking until next year to resolve.

Centamin legal fight over gold mine in Egypt set to end this year

Centamin issues in Egypt go back to 2012, when a court cancelled its mining license for Sukari, the firm’s only producing mine, and the country’s first large-scale modern gold operation.

Resource rich countries lead global conflict and political violence index

Levels of conflict and political violence have risen significantly in 48 countries, most of them considered traditional mining destinations.

Resource rich countries make up over 50% of the “extreme risk” jurisdictions to invest

Study also says that Myanmar is the country where the business environment improved the most last year.

Miners warned about Indonesia, Brazil, India and South Africa investments

Terrorism, regime instability and resource nationalism, are the main risks mining investors will face in 2014.

Oil prices jump amid Egypt unrest

Oil prices surpassed $100 a barrel on Wednesday.

Forget oil, there is a far more precious commodity at stake

New tension stems from a dispute over water.

Egypt halts Centamin gold exports

Centamin was the only large producer in the country

Egypt to boost mining in 2013, but first will ‘reconsider’ current licenses

The new authorities are considering offering a number of international bids for mineral exploration, particularly for gold.

Centamin’s stock recovers as gold export resumes

Shares in London and Toronto-listed Centamin (LON:CEY, TSX:CEE) surged 26% to 43.95p on Monday after the miner announced it had resumed exports from its flagship Sukari gold mine in Egypt.

Centamin stock collapses after operations, gold exports halted by Cairo

Stock down 65% as 97 million shares are dumped.

Centamin pounded again after Egypt update scares investors

The company said it has to resume gold exports shortly or it will run out of money to cover running cost at its Sukari mine.