16 July
2024
Centamin plc
("Centamin" or "the
Company")
(LSE:CEY, TSX:CEE)
CENTAMIN TO SPONSOR EGYPTIAN MINING
FORUM AS REGION ATTRACTs major GLOBAL INTEREST &
INVESTMENT
As part of Centamin's commitment to
assist in the development of the Egyptian mining sector, the
Company is delighted to announce that it will be partnering with
the Egyptian Mining Forum this week as the events primary sponsor.
The event is set to celebrate the increasing prominence of mining
in Egypt and highlight the role that innovative technologies and
sustainable practices are playing throughout the sector, whilst
promoting the exciting untapped mineral and exploration
opportunities in the region.
Hosted by the Ministry of Petroleum
and Mineral Resources with support from the Egyptian Mineral
Resources Authority (EMRA), the 2024 Mining Forum is occurring as
Egypt emerges as an exciting destination for global mining
investment. With over 4,000 attendees set to attend the Forum
between 16-17 July, the event will facilitate collaboration between
senior government officials, industry thought leaders, emerging
exploration companies, financial institutions and investors. With
an impressive schedule of events and speeches, discussions will
explore the opportunities and challenges of accelerating Egypt as a
leading global mining destination.
As the operators of the Sukari Gold
Mine, the first large scale modern gold mine in Egypt and one of
the world's largest producing mines, Centamin is committed to the
ongoing development of Egypt as a premier global mining destination
through its continued work and investment in country. The Company
will be represented at the Forum by CEO Martin Horgan, Country
Manager Amr Hassouna and Head of Exploration Howard Bills who look
forward to the various stimulating conversations that are set to
take place around investment into the region, innovation, talent
and exploration amongst many other topics.
If you are present at the Forum,
please do take time to go visit the Centamin stand and meet the
team.
Speaking at the Forum in Cairo this week, Centamin CEO Martin
Horgan reflects on the burgeoning industry in
Egypt: "Gold mining has a rich
history in Egypt that dates back to the Pharaohs. As the
joint-owner and operator of the Sukari Gold Mine, in partnership
with the Egyptian government, we have seen first-hand the growth of
the industry over recent decades as well as the many economic and
social benefits that mining can provide to a country. We look
forward to celebrating the sector with all those attending the
Forum in Cairo this week and to continuing the strong relationships
we have with all our various Egyptian partners well into the
future."
Centamin Egypt Country Manager Amr Hassouna
commented: "Egypt is considered to be
one of the most prospective destinations for major global companies
operating in the mining sector. With distinctive advantages ranging
from its geologically rich mineral resources, stable political
environment with strong support for foreign direct investment, good
security and infrastructure networks and deep pool of human
capital, there is an abundance of opportunities for mining in
Egypt.
About Centamin
Centamin is an established gold
producer, with premium listings on the London Stock Exchange and
Toronto Stock Exchange. Following a period of 'reset' including a
significant refresh of the Board and management team, the Company
is now entering a growth phase, balanced with stakeholder returns.
The Company's flagship asset is the Sukari Gold Mine ("Sukari"),
Egypt's largest and first modern gold mine, as well as one of the
world's largest producing mines. Since production began in 2009
Sukari has produced over 5.7 million ounces of gold, and today has
6.0Moz in gold Mineral Reserves. Through its large portfolio of
exploration assets in Egypt and Côte d'Ivoire, Centamin is
advancing an active pipeline of future growth prospects, including
the Doropo project in Côte d'Ivoire, and has over
3,000km2 of highly prospective exploration ground in
Egypt's Nubian Shield.
Centamin practices responsible
mining activities, recognising its responsibility to deliver
operational and financial performance and create lasting mutual
benefit for all stakeholders through good corporate citizenship,
including but not limited to in 2024, achieving new safety records
(8 million hours LTI-free), commissioning of the largest hybrid
solar farm for a gold mine (Sukari 36MWDC solar plant),
sustaining a 96% Egyptian workforce and a 68% Egyptian supply chain
at Sukari.
FOR
MORE INFORMATION, please visit the
website www.centamin.com
or contact: