Tag: Sukari
Africa Business Emerging Markets International

AngloGold Ashtanti acquisition of $2.5B Centamin Company

North Africa PostComments Off on AngloGold Ashtanti acquisition of $2.5B Centamin Company

AngloGold Ashanti has reached an agreement to acquire Centamin Company in a transaction valued at around $2.5 billion. This acquisition will grant AngloGold control over the Sukari mine in Egypt, a renowned gold mine globally. Upon finalization, AngloGold shareholders are set to possess approximately 83.6% of the company, while Centamin investors will retain about 16.4% […]
Business Emerging Markets

Egypt: Gold exportation reactivated finally

North Africa PostComments Off on Egypt: Gold exportation reactivated finally

The shipment load of 1,600 kilograms of gold extracted from the Sukari Gold Mine has finally left the shores of Egypt for Netherlands after being stooped from leaving since last week. The gold upon arrival at Netherlands will be purified and sold in the global market. Speaking about the blockade, the managing director of Centamin, […]