The Ministry of Petroleum and Mineral Resources announced the details of a deal in which AngloGold Ashanti has acquired Centamin, the sole owner of the Pharaonic Gold Mines Company, a partner of the Egyptian General Authority for Mineral Resources in the Sukari gold mine. In a Wednesday statement the ministry explained that this deal has no impact on the Egyptian state’s rights in the Sukari gold mine or its revenues. The provisions of the commitment agreement issued under Law #222 of 1994 remain in full force and govern the relationship between the participating parties – the Egyptian General Authority for Mineral Resources and the Pharaonic Company.” It clarified that the Sukari Gold Mines
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