Centamin gets approval to export 400 kg Sukari Gold
Earlier, Egypt Customs blocked the 400 kg shipment of gold from leaving it's shores until it received a permit from the country's Petroleum Ministry.
Ending days of uncertainty, Egyptian authorities finally allowed Centamin to export a batch of gold from the Sukari mine.
According to Egyptian Customs, Centamin has presented the necessary permits to export the gold to Canada for purification before it is sold on world markets,
Centamin has been plagued by difficulties in Egypt over the last three months, with a court questioning its right to produce gold at its only mine, customs officials holding up exports, and the country's petroleum ministry disrupting fuel supplies.
Earlier, Egypt Customs blocked the 400 kg shipment of gold from leaving it's shores until it received a permit from the country's Petroleum Ministry.
The company's recent troubles have coincided with a new bout of political strife in Egypt which has battered the country's economy in the past weeks and sent Egyptians scrambling to swap pounds for U.S. Dollars.
In December the company halted its mining activities at the Sukari mine on Egypt's Red Sea coast after it was temporarily denied permission to export gold, causing a shortfall in working capital, a situation which has since been resolved.
Sumber : Google
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