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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Centamin shares jump 8% as it latest export dispute is resolved

Gold miner Centamin has been plagued with problems recently relating to its activities in Egypt.

After the country's customs halted a gold shipment last month and fuel supplies were disrupted, Centamin halted production at its Sukari mine. Once these issues were resolved, operations resumed, but almost immediately another planned shipment was stopped on the basis the company needed a permit from the petroleum ministry.

Now Egypt has allowed this new batch of gold to leave the country, helping send Centamin's shares soaring nearly 8%, up 3.2p to 43.75p, and making it the biggest riser in the FTSE 250.

But the continuing disruption shows the difficulties in working in a country facing political strife in recent weeks.

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