CEY is a gold mining company operating in Egypt. It was ordered by the Egyptian Government to stop drilling pending a legal dispute brought against the company by a government minister.

Since then, the whole Government cabinet was replaced a few months ago and the minister now in charge of Mining is believed to be positive on Western investment in the country. CEY are pushing for this minister to allow them to continue drilling ASAP; investers are waiting....patiently.

As soon as the company gets the go-ahead to continue drilling, the share price will move north; CEY has plenty of gold in this mine and it is (apparantly) the case of "raking" it out rather than drilling for it!

Check them out...worthy of a punt.

News of interest for you cey holders.

Centamin Egypt says Sukhari negotiations in final stages
AFX


LONDON (AFX) - Centamin Egypt Ltd said it believes negotiations to permit a resumption of exploration and development activities at the Sukhari Gold project are in their final stages, as a result of changes being implemented by the Egyptian government.

A new division within the Department for Petroleum has been created to oversee the mineral resource sector while the Egyptian Geological and Mining Authority has been renamed the Egyptian Mineral Resource Authority.

Centamin described the Sukhari project as the 'most advanced gold project in Egypt.' Seven drill rigs are on the site ready to resume drilling.

The company has asked the Centre for Aribitration for a decision on the Eastern Desert Concession to be deferred while negotiations with the EMRA take place.

newsdesk@afxnews.com

ec

Centamin Egypt Limited
21 April 2005



CENTAMIN EGYPT LIMITED
('Centamin' or the 'Company')
ACN 007 700 352


CENTAMIN DISPUTE RESOLVED AND IMMEDIATE RETURN TO WORK AT SUKARI




* Security Permits granted for return to work at Sukari

* New 30 year Sukari Mining (Exploitation) Lease of 160km2

* Tax exemptions and royalty arrangements unchanged

* Drilling to Recommence Immediately



Centamin is delighted to report that agreement has been reached with the
Egyptian Mineral Resource Authority (EMRA) for an immediate return to work at
the Sukari Gold Project in the Eastern Desert of Egypt. EMRA has signed the
Security Permits required to re-commence work and the Company is also pleased to
advise that a new environment of co-operation now exists between the parties,
together with a joint desire to begin to develop the vast mineral wealth of
Egypt.

His Excellency Engineer Sameh Fahmy, the Minister for Petroleum and Mineral
Resources, states 'The Egyptian Government looks forward to a long and
successful partnership with Centamin and its subsidiary Pharaoh Gold Mines NL.
The mineral resource industry in Egypt has a very positive future which to date
has not been fully appreciated. I will be fully supportive of the company's
development and exploration activities in order to fast track Egypt's first
modern gold operation. All the problems of the past are behind us and the future
is very exciting for the Sukari project.'

The Company will re-commence operations on a new Mining (Exploitation) Lease
covering an area of 160 km2 that contains the proposed Sukari mine site and
surrounding prospects. This lease is issued under the existing Law 222 of 1994,
which was enacted by the Egyptian Government specifically to accommodate the
company's exploration and mining activities in the Eastern Desert.

Law 222 remains unchanged and as such the Company has title for a period of 30
years commencing immediately and which is renewable at the company's election
for a further period of 30 years. All tax and royalty arrangements remain
unchanged.

This new Mining Lease is issued under the regulation of the Ministry for
Petroleum and it is the Company's intention to make application for additional
lease areas at the appropriate time.

From the Company's contact with the Ministry, it is apparent that there is a
genuine interest to attract mining investment. The Ministry has sought
independent advice from international authorities with the intention to enact
new mining legislation that will provide for an exploration and mining
legislative framework similar to that which is in effect elsewhere in Africa.

All Legal actions and the proceedings before the Centre for Arbitration that
were initiated by the Company are now in the process of being withdrawn.

Sukari Project - Status Report

The Sukari project is the most advanced gold project in Egypt. The Company
remains fully committed to helping develop a significant gold mining industry in
the country and fast tracking the development of the Sukari project.

Seven drill rigs are on site at Sukari and infill and extension drilling will
resume immediately. The Sukari Gold deposit is an outcropping Granodiorite
Porphyry with a mapped strike extent of 2.5km. To date, the Company has drilled
322 holes for 66,000m, predominantly in the southern 800m of this outcrop. The
current measured, indicated and inferred resource defined in this area is 2.94M
oz. This resource has been calculated independently by Hellman and Schofield to
JORC standards.

Two tonnes of metallurgical samples have been assembled and are ready for
shipment to Australia as part of the Bankable Feasibility Study into the
development of a 4 to 5 million tonne per annum processing facility, which is
projected to produce an initial 250,000 oz of gold per annum.

For Centamin Egypt Limited



Josef El-Raghy
Managing Director
21 April 2005

Up 5.45% this morning, drill results out soon.

Aim Investor
By Tom Winnifrith
09 April 2006

I should declare that I own stock in Centamin Egypt. I have owned it for a couple of years, having first tipped it at 8.5p, and for most of that time I have looked pretty foolish. But Centamin is on a roll and it has only just started I expect the shares to be at 60p within a year.
Most people in mining expect a major to bid for Centamin soon because of its valuable deposit.

Without a bid, I value this company at 60p a share. It is a one-way bet. Buy.

Still looking good. Getting better and better.


Centamin Egypt Limited
26 April 2006


Centamin Egypt Limited

Sukari Gold Project Resource Upgrade


Sukari JORC compliant resource upgrade to 5,759,492 million ounces of gold

Increase of 1,265,611 million ounces or 28% above the resource statement
announced in December 2005

2 additional diamond drilling rigs arrive


SUKARI PROJECT RESOURCE MODELLING

Resource modelling and grade estimation of the Sukari geological resource was
recently completed to JORC standards by independent resource consultants,
Hellman & Schofield, utilising all available assaying as at 25th April 2006 and
included new drilling data from the Ra and Pharaoh Zones, completed since
November 2005.

April 2006 Resources by Confidence Category - Uncut
Cut-off Measured Indicated Inferred Total Total
---------- ------------ ----------- ----------- ---------------- -------
Mt g/t Mt g/t Mt g/t Mt g/t Moz
------ ---- ------ ---- ------ ---- ------- ------ -------

0.5 33.426 1.44 41.503 1.52 49.32 1.4 124.247 1.44 5.76
---------- ------ ---- ------ ---- ------ ---- ------- ------ -------
1.0 17.085 2.13 21.898 2.23 22.21 2.2 61.192 2.19 4.31
---------- ------ ---- ------ ---- ------ ---- ------- ------ -------

Note to Table: Figures in table may not add correctly due to rounding


The measured resources lie in areas where drilling is available at a nominal 25
x 25 metre spacing, indicated resources in areas drilled at approximately 25 x
50 metre spacing and inferred resources in areas of broader spaced drilling and
that the resources are estimates of recoverable tonnes and grades using Multiple
Indicator Kriging with block support correction. The resource model extends from
9700mN to 12250mN and to a maximum depth of 600RL (approximately 550 metres
below surface).

The resource estimate has been based on the sampling and geological logging
coming from 571 diamond and RC drill holes combining to give approximately
116,500 metres of drilling and 5271 two-metre surface rock chip samples.
Resource data set comprises approximately 58,125 two-metre down hole composites
and rock chip samples. The December model was based on 41,991 drill hole and
rock chip samples.

The tempo of the infill and exploration program has been further increased with
the addition of two further drilling rigs taking the rigs on site to nine.


For Centamin Egypt Limited

Josef El-Raghy
Managing Director
26 April 2006



The information in this report that relates to mineral resources is based on
work completed by Mr Nicolas Johnson, who is a Member of the Australasian
Institute of Geoscientists. Mr Johnson is a full time employee of Hellman and
Schofield Pty Ltd and has sufficient experience which is relevant to the style
of mineralisation and type of deposit under consideration and to the activity
which he is undertaking to qualify as a Competent Person as defined in the 2004
edition of the 'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves'. Mr Johnson consents to the inclusion in the report
of the matters based on his information in the form and context in which it
appears.

this now looking very cheap should be at least 50p

though very near the 52 week high, CEY seems strangely and almost unaccountably somnolent, even though gold price has shot up yet another $10.00 ..... I am inclined to say BUY (though I hold already), but it is just possible there is some unknown and potentially poor news unreleased

hmy looking at this now.

Centamin Egypt Limited
20 June 2006

Centamin Egypt Limited ('Centamin' or the 'Company')

Sukari Project Drilling Results

Gazelle Zone Massive High Grade Gold Intersection




Centamin Egypt Limited, the dual listed gold exploration company, is pleased to
announce high grade gold assays from the first pass drilling of the Gazelle zone
on the north eastern flank of the Sukari Hill.

The newly defined high grade zone is outside of the current Feasibility
Study (BFS)


The assay results highlight the potential for additional high grade zones
as drilling moves north on the Sukari hill.

Drill hole RCD553 returned impressive gold grades in several zones down hole
including 3m @ 440.6g/t Au, within a massive intersection of 111m @ 15.06g/t Au
from 473m. The hole was collared just above the historically mined Gazelle adit,
which has previously recorded 38m @ 7.73g/t from rock chip channel sampling.

This newly defined high grade zone is outside of the Amun orebody BFS and
currently defined mining pitshells, but is similar in style to the historically
mined Amun Main Lode, exploited in ancient times, and may represent a stacked
system of high grade quartz vein shear zones.

The drill hole was designed to follow up strong mineralisation previously
defined in the Ra-Gazelle zone higher up in the porphyry from 11,025N to
11,175N, and 10,650E to the east (Figure 1). The assay results (Table 1)
highlight the strong potential for further high grade zones at depth and to the
north in the Sukari Hill, and in the Ra-Gazelle zone in particular.


Table 1 - RCD553 Significant Assay Intersections

HOLE NORTH EOH AZI DIP From To Interval Au (g/t)
RCD553 11079 614.4 270 -77 52 68 16 1.21
142 163 21 2.64
incl. 153 157 4 6.38
169 177 8 2.51
incl. 169 170 1 10.70
191 210 19 1.80
incl. 197 198 1 12.20
271 280 9 1.17
286 297 13 1.13
301 305 4 2.19
322 337 15 1.51
341 359 18 1.09
363 368 5 1.26
427 449 22 1.43
473 584 111 15.06
incl. 572 575 3 440.6
incl. 575 584 9 3.54
595 613 18 2.59



The Company believes results of this tenor will lead to further significant
increases in the currently defined global resource of 5.76m oz Au. Drilling is
continuing in the Ra, Gazelle and Pharaoh zones.


For Centamin Egypt Limited

Josef El-Raghy
Managing Director/CEO

20 June 2006






Enquiries:

Centamin Egypt Limited + 61 (8) 9316 2640
Josef El-Raghy

Bishopsgate Communications Ltd + 44 (0) 20 7430 1600
Nick Rome or Fran Read




Information in this report which relates to exploration, geology, sampling and
drilling is based on information compiled by geologist Mr R Osman who is a full
time employee of the Company, and is a member of the Australasian Institute of
Mining and Metallurgy with more than five years experience in the fields of
activity being reported on, and is a 'Competent Person' for this purpose. His
written consent has been received by the Company for this information to be
included in this report in the form and context which it appears.

Centamin Egypt (CEY)
28 November 2006


SUKARI GOLD PROJECT RESOURCE UPGRADE


Centamin Egypt Limited, the dual listed gold exploration and development company, today announces a further increase in gold resources at its Sukari Gold project.

The resource has been upgraded to 7.70 million ounces of gold, a 13% or 910,000 ounce increase over the previously announced resource in August 2006.


HIGHLIGHTS

Sukari JORC compliant resource upgrade to 7.70 million ounces of gold

Increase of 910,000 ounces or 13% over the August 2006 reported figure

Discovery cost remains circa US$4/oz

43m @ 3.69 g/t from surface on western flank of Ra zone

Majority of upgrade within 300m of strike in the Ra and Gazelle zones

Potential for further significant resource addition within the same Ra / Gazelle area

The Company is extremely pleased with this upgrade given the nature of the
drilling through the 3 months with some slow and deep holes being drilled. As such, the upgrade exceeded our expectations during this time.

The company has 9 rigs on site and is currently focusing drilling in the Ra and Gazelle zones with significant further ounces being expected to be delivered in these areas.

The next resource upgrade will be reported no later than February 2007 with interim drilling results expected prior to that.

http://www.investegate.co.uk/Article.aspx?id=200611280842278066M

Ive been following this company for a while now and great news today. BUT its hard to find any news of when the stuff might start coming out of the ground. Anyone any the wiser????

Kivver:

From someone who visited recent AGM:

Re. arrival of Korri Kollo plant in Egypt; Josef (Josef El-Raghy, Managing Director) said this will be in the 2nd quarter of '07 and production to start in the 2nd quarter of '08.

damn long time to wait

Mr Josef El-Raghy, MD; Boardroomradio is pleased to announce that Centamin Egypt Limited (ASX: CNT) has published an audio file.

The following presentation "Sukari Gold Project Resource Upgrade" is now available as an instant audio download to your computer.

--------

Massive amount of tonnes that should make some good money

More drilling results in Jan released quarterly for the December quarter then we will upgrade the resource again by the early part of February

http://www.acnnewswire.net/press/en/34215/CENTAMIN-EGYPT-LIMITED.html

(Select your default media player from the menu below Josephs pic)

cheers Nabcom

Shares in gold miner Centamin* (CEY) headed 1p higher to 32.5p as the Egyptian gold explorer announced the latest drilling grades from its Sukari project.
-----
Centamin Egypt Limited
13 December 2006

SUKARI GOLD PROJECT DRILLING RESULTS UPDATE

Ra Zone High Grade Gold Intersection

Centamin Egypt Limited, the dual listed gold exploration company, today
announces that high grade gold assays were intersected in the Ra zone at 10950N
in drill hole RCD703, including 8m @ 101.71g/t Au from 588m.

http://www.investegate.co.uk/Article.aspx?id=200612130946587849N

-----
Tom Winnifrith told his readers that the shares could plausibly now be worth in excess of 100p per share

Bad stocks are set to drag down good ones
By : Tom Winnifrith
20/12/2006

THE New Year will be hard for Aim. An awful lot of rubbish has been floated over the past two years and, as these companies struggle to refinance, initial public offerings (IPOs) will dry up

In terms of longs, I am attracted to resource plays with near-term production that stand a good chance of being bought out by cash-rich sector leaders.

So Id buy Centamin at 32.5p (which I own)

I am bearish on Aim. I fear that the bad stocks (of which there are too many) will drag down the good. But quality will out and if you pick the right stocks your gains will be worthwhile.

http://www.thebusinessonline.com/Document.aspx?id=7E3C4870-C4C9-431F-880B-25603F66E009

Gold Takeovers Reach Record as Companies Fail to Find New Mines
By Choy Leng Yeong
Last Updated: December 27, 2006 00:31 EST

Dec. 27 (Bloomberg) -- Gold-company acquisitions this year surged to the highest level in at least a decade, and the industry may continue its buying spree in 2007 as producers struggle to find new deposits.

Producers are rushing to boost supply because mines are being depleted faster than new reserves are being found, and a six-year rally in gold prices is providing cash to buy assets.

`Scramble for Land'
The industry is staring down the barrel of the gun that says, `Where are the replacement ounces coming from?'''

Doing Deals
Global gold production in the nine months ended September fell 2.2 percent to 1,804 metric tons from a year earlier, London-based researcher GFMS Ltd. estimated. The lack of new supply will help boost gold prices by $200 over the next two years, topping $800 an ounce, Telfer said.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aB3a0HjsLcYI&refer=home

Egypt restructuring gold mining industry, Centamin on ground floor
By Jon Nones
24 Jan 2007 at 01:36 PM

Egypt has signed a memorandum of understanding (MoU) aimed at restructuring the gold mining sector. The MoU was signed by Oil Minister Sameh Fahmy and the International Finance Corporation (IFC), the private arm of the World Bank group.
Egypt's existing mining laws, based on profit-sharing, werenot attractivefor foreign miningcompanies, and local expertise is currently insufficient to develop a home-grown industry.
Centamins [AIM:CEY; ASX:CNT] open-cut mine at Sukari in southern Egypt's Red Sea hills area hosts proven resources of more than 7.7 million ounces of gold, and further drilling is expected to further boost these figures. This will be the country's first gold mining operation of note in 2,000 years.
The new policy framework is expected to be completed within a year. Officials predict the industry could bring in more than $10 billion.

http://www.resourceinvestor.com/pebble.asp?relid=28366

Gulf Daily News - Manama,Bahrain

Two Australian companies already operate in Egypt's eastern desert. The largest, Centamin, claims proven resources of more than 7.7 million ounces of gold, and further drilling is expected to further boost these figures.
"From our own activity in Egypt today, particularly through the company Centamin, it has become apparent that the gold sector has the potential for Egypt to become one of the largest gold exporters in Africa," said Australian ambassador to Egypt Robert Bowker, who attended yesterday's signing.

http://www.gulf-daily-news.com/Story.asp?Article=168141&Sn=BUSI&IssueID=29311