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Operations resume at Sukari gold mine

The conveyor system
at Centamin’s Sukari
gold mine
London, England — 03 August 2012 – Egypt-focused gold miner Centamin plc has announced that operations at its flagship Sukari gold mine have resumed, about a week after they were halted by labour unrest.

Reuters reports that activities at Sukari, Centamin’s only producing asset, were suspended after workers downed their tools over a dispute about pay increases. The company was not immediately available for additional comment, but said in a statement that the labour unrest had been “resolved to the company’s satisfaction with the co-operation of the Egyptian Mineral Resources Authority and the Ministry of Labour.”

The company had to halt operations temporarily in March this year over a similar issue. Centamin said it would provide a further update on 14August when it reports its second-quarter results.
Shares in the company were trading almost flat at 66.05 pence yesterday on the London Stock Exchange.

Source: Reuters. For more information, click here.