Massive gold deal: AngloGold Ashanti to acquire Centamin and Egypt’s biggest gold mine for $2.5bn

Massive gold deal: AngloGold Ashanti to acquire Centamin and Egypt’s biggest gold mine for $2.5bn

AngloGold Ashanti has reached an agreement to acquire Centamin in a $2.5 billion cash and stock deal, positioning itself as the fourth-largest gold producer globally. This strategic acquisition gives AngloGold Ashanti control over Centamin’s flagship Sukari mine in Egypt, the largest gold mine in the country, boosting its annual production by around 450,000 ounces to […]

Centamin, Egyptian Ministry of Petroleum set to bolster mining sector with new agreement

Centamin, Egyptian Ministry of Petroleum set to bolster mining sector with new agreement

In a significant development for the mining industry in Egypt, Centamin has announced that the Model Mining Exploitation Agreement (MMEA) framework has been agreed in principle with the Egyptian Ministry of Petroleum & Natural Resources (MoP) and the Egyptian Mineral Resources Authority (EMRA). This agreement pertains to the commercial discoveries made on the promising approximately […]