29th Aug 2007 10:54
Centamin Egypt Limited29 August 2007 COMPLETION OF KORI KOLLO DISMANTLING - BOLIVIA Centamin Egypt Limited ("Centamin" or "the Company") (TSX:CEE, ASX:CNT, AIM:CEY)is pleased to announce the completion of the dismantling and transportation ofthe Kori Kollo CIL gold processing plant to the port of Arica in northern Chile. The Kori Kollo processing plant was acquired late last year from Newmont MiningCorporation for US$11 M and was located in the Andes Plains 200km south east ofthe Bolivian capital of La Paz. Dismantling operations began in February 2007 utilizing Bolivian engineering andtransport groups. Large cranes for the project were mobilised from Argentina,Santa Cruz and La Paz. All activities were supervised by a construction team from Centamin. At the peakof activity, 280 personnel were involved in dismantling the facility whichrequired more than 200,000 man hours. The same group of construction supervisorsare now in the process of relocating to Egypt to re-assemble the processingplant. The first shipment of dismantled equipment commenced in June 2007 and largelyconsisted of equipment requiring refurbishment outside of Egypt prior toimportation to Alexandria and then site. After some 200 semi trailer loads allplant and equipment has now been transported across the Bolivian border to theChilean port of Arica where it is being stored, re-lashed and is awaiting acharter vessel. It is estimated that ship loading will take place within the next two weeks witharrival into Egypt scheduled for mid October. For Centamin Egypt Limited Josef El-RaghyManaging Director/CEO29 August 2007 For more information please contact: Centamin Egypt Limited Pelham Public Relations Evolution Securities+ 61 (8) 9316 2640 + 44 (0) 207 743 6376 + 44 (0) 20 7071 4300Josef El-Raghy Candice Sgroi Simon Edwards([email protected]) Mobile: + 44 (0) 789 446 2114 www.uk.evosecurities.comwww.centamin.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Centamin PLC