Centamin buys 51% stake in Ampella

March 1, 2014 1:15 pm

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.