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Centamin buys 51% stake in Ampella

: Saturday, March 01 - 2014 @ 13:15

Gold miner Centamin, through its wholly owned subsidiary Centamin West Africa Holdings Limited, has announced its acquisition of a 51.14% stake in Australia-listed Ampella Mining, Egypt Independent has reported. This gives Centamin the right under the offer to appoint a majority of the directors to the board of Ampella and to take effective control of all operational matters concerning Ampella, the company said.

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Saturday, March 1- 2014 @ 13:15 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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