Egypt suspends court ruling against Centamin
- Egypt: Thursday, March 21 - 2013 at 04:45
Gold miner Centamin has said an Egyptian court ruling against it has been suspended, allowing it to continue operating normally at its mine in the country during an ongoing appeal process, Reuters has reported. The LSE-listed firm is appealing an Egyptian administrative court ruling last year, which declared the company's right to operate the Sukari mine, its main asset, invalid. "It provides some confidence to the market in the legal process in Egypt," Investec analyst Hunter Hillcoat said of the court judgement.
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