Centamin
{{Short description|Gold mining company}}
{{Use dmy dates|date=November 2019}}
{{Infobox company
| name = Centamin plc
| logo = Centamin new logo.png
| logo_size = 150px
| type = Subsidiary acquired by AngloGold Ashanti plc on 22 November 2024
| ISIN =
| traded_as = Delisted from the {{LSE|CEY}}
and {{TSX|CEE}} on 22 November 2024
| foundation = {{start date and age|1970}}
| location =
| key_people =
| industry = Gold mining
| products = Gold
| num_employees =
| revenue ={{increase}} US$891.3 million (2023){{cite web|url=https://www.centamin.com/media/3023/cey-rns_fy23-results_final.pdf|publisher=Centamin|title=Annual Results 2023|access-date=21 March 2024|archive-url=https://web.archive.org/web/20240321140301/https://www.centamin.com/media/3023/cey-rns_fy23-results_final.pdf|archive-date=21 March 2024}}
| operating_income ={{increase}} US$194.5 million (2023)
| net_income ={{increase}} US$194.9 million (2023)
| parent =
| subsid =
| homepage = [https://www.anglogoldashanti.com www.anglogoldashanti.com]
| slogan =
| footnotes =
}}
Centamin is a gold mining and exploration company, whose main operating asset is the Sukari gold mine in Egypt. In addition to Sukari, Centamin holds exploration licences (EDX) in Egypt’s Eastern Desert and has the Doropo and Archean-Birimian Contact (ABC) gold projects in Côte d’Ivoire. Centamin is wholly owned by AngloGold Ashanti plc.{{cite web|url=https://www.anglogoldashanti.com/investors/centamin-offer/ |title=Centamin Offer|publisher= AngloGold Ashanti|access-date=11 December 2024}}
History
Centamin was first listed on the then Australian Stock Exchange in 1970.{{cite news|url=http://www.proactiveinvestors.co.uk/companies/news/2874/centamin-egypt-12-million-ounces-of-gold-and-rising-2874.html |title=Centamin Egypt – 12 million ounces of gold and rising|archive-url=https://web.archive.org/web/20091202003528/http://www.proactiveinvestors.co.uk/companies/news/2874/centamin-egypt-12-million-ounces-of-gold-and-rising-2874.html |archive-date=2 December 2009|newspaper=Proactive Investors|date= 29 August 2008}} In 1999, it acquired Pharaoh Gold Mines, a company that had been exploring for gold in Egypt since 1995, and became "Centamin Egypt". The company was granted a 160 square kilometre exploitation lease over the Sukari Gold Project in the eastern desert of Egypt in 2005. A listing was secured on the Toronto Stock Exchange in 2007 to raise funding for production, with first gold poured in June 2009.{{cite news|url=https://www.telegraph.co.uk/finance/markets/questor/5120791/Centamin-Egypt-on-track-for-imminent-production.html |title=Centamin Egypt on track for imminent production|newspaper= Daily Telegraph|date=7 April 2009|access-date=11 December 2024}} The Company moved to a full listing on the London Stock Exchange in November 2009, and was delisted from the Australian Stock Exchange in 2010.{{cite news|url=https://www.telegraph.co.uk/finance/newsbysector/industry/mining/6967109/Centamin-starts-Egypt-gold-exports.html |title=Centamin starts Egypt gold exports|newspaper= Daily Telegraph|date=11 January 2010|access-date=11 December 2024}} In 2011, it redomiciled to Jersey and changed its name to Centamin plc.{{cite news|url=https://www.reuters.com/article/centaminegypt-brief/update-1-centamin-egypt-plans-to-redomicile-to-jersey-idUKL5E7MB0I020111111/?edition-redirect=uk|title=Centamin Egypt plans to redomicile to Jersey|newspaper=Reuters|date=11 November 2011|access-date=11 December 2024}}
In November 2024, Centamin plc was acquired by AngloGold Ashanti plc and now forms part of AngloGold Ashanti’s diverse portfolio of global operations.{{cite news|url=https://www.miningmx.com/news/gold/58226-anglogold-bids-2-5bn-in-cash-and-shares-for-centamin/ |title=AngloGold bids $2.5bn in cash and shares for Centamin|newspaper= Miningmx|date=10 September 2024|access-date=11 December 2024}}
Operations
The company operates the Sukari Gold Mine in the Eastern Desert of Egypt, some 700 km from Cairo and 25 km from the Red Sea. First gold was poured at Sukari in June 2009 and commercial production began on 1 April 2010, making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the precious metal.{{cite news|url=http://www.mining.com/investors-flee-centamin-after-egyptian-court-annuls-gold-concession-96970/ |title=Investors flee Centamin after Egyptian court annuls gold concession |newspaper=mining.com |first=Frik |last=Els |date=30 October 2012|access-date=11 December 2024}}
References
{{reflist}}
External links
- [http://www.centamin.com Official site]
{{Authority control}}
Category:Companies listed on the Toronto Stock Exchange
Category:Non-renewable resource companies established in 1970
Category:Companies based in Perth, Western Australia
Category:Gold mining companies of Australia