Aswat Masriya (Cairo)

Egypt: Resources Authority Accused of Complicity in Gold-Mine Case

Rights lawyer and ex-presidential candidate Khaled Ali accused on Tuesday the Egyptian Mineral Resources Authority of complicity in the now-void gold mine case.

Centamin, an Australian company, has managed Egypt's Sukari gold mine since 2004 when it signed the contract with Egypt.

Tuesday's court verdict blew the cover on the complicity of the resources authority with Centamin and raised questions on the supposed extraction rates and their value, Ali posted on Twitter.

A court struck down on Tuesday a contract to exploit Egypt's largest and oldest gold mine, former Member of Parliament Hamdy al-Fakhrany told Aswat Masriya.

In his lawsuit, Fakhrany accused the contract, signed in 2004 between Egypt and the London-listed company Centamin, of being unfair to the people of Egypt, demanding its dissolution.

Tuesday's court verdict sends the ownership of the mine to Egypt's government.

The Sukari gold mine, located in Egypt's Nubian Desert near the Red Sea, is the third largest gold mine in the world.

The MP expects Prime Minister Hisham Kandil's cabinet to activate the court decision immediately, threatening to otherwise file another lawsuit.

  • Comment

Copyright © 2012 Aswat Masriya. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment