Centamin rebounds as its gold exports resume at Sukari mine

EMBATTLED gold miner Centamin yesterday said gold exports from the Sukari mine had restarted after they were halted by customs officials last week, sending its shares on a sharp rebound.

Fuel supply to and from Sukari has also resumed normal service, after the gold miner was told on Friday that it was not liable for $65m (£40m) in back payments for diesel fuel.

Last week, Centamin shares dropped 46 per cent as it said it had suspended operations at flagship asset Sukari, following the dispute over diesel supplies.

Normal operations at the mine should resume in the coming days, Centamin said yesterday, once payment for the first shipment has been received.

The FTSE 250-listed miner added that it had the continued support from the Ministry of Petroleum and its partner on Sukari, the Egyptian Mineral Resources Authority. Shares closed up 21.65 per cent yesterday at 42.14p.