Centamin sees end to Egypt mine case next year
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Centamin sees end to Egypt mine case next year

Centamin sees end to Egypt mine case next year

Centamin has said it hoped to resolve a court case hanging over its Sukari gold mine in Egypt during 2013, offering hope to shareholders worried about the future of the gold miner's only producing operation, Reuters has reported. The company said earlier last week it was confident of winning an appeal against the decision, which lawyers said might take years to unravel. "Whether that's (the appeal) fast-tracked or not we'll know more over the course of the next week, and that will determine whether it's a month or three-month process," Centamin chairman, Josef El-Raghy, told the news service. He said it was difficult to give a definitive time frame for settling the case, but when asked if it would be resolved during 2013, Raghy said: "I would hope so."

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