Centamin snaps up Ampella
Gold miner Centamin yesterday agreed to snap up Ampella Mining for $37.2m (£22.35m), giving the group’s operations a west African flavour and relieving pressure on its Egyptian licence, which is under threat from a court case which has knocked off more than half the firm’s stock market value. The deal has been recommended to Ampella shareholders by the company’s board, and would give one Centamin share for every five shares in Ampella