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Article: News in brief.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- April 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Centamin Egypt signs $25 mln funding deal Centamin Egypt Ltd. entered into an agreement with Macquarie Bank limited to provide a corporate loan facility of up to $25 million, Reuters reported. In a press statement Friday, Centamin Egypt, a mineral exploration and development company, said that it has issued a letter of intent to Barminco to start underground mining activities at the Sukari Gold Project in Egypt. During the fourth quarter of 2008, underground mining contractors attended site meetings and a detailed tender process was conducted. The award to Barminco, an Australian underground contractor, will see the immediate mobilization of personnel and equipment to ...