News

November 18, 2008

Centamin’s Unique Position In Egypt Puts A Potentially Greater Value On It Remaining Independent

By Charles Wyatt

A very shrewd move from Josef El-Raghy, chief executive of Centamin Egypt, back in August, in appointing Trevor Schultz as Executive Director of Operations. Thus Trevor is on board during the critical period leading up to completion of construction and pour of first gold which is due in the second quarter of next year. It is at this stage that unforeseen problems sometimes creep into a project, but Trevor has been through all this before and can provide additional technical support gained during more than 40 years of experience with leading international mining companies, including BHP, RTZ/CRA, Pegasus Gold and Ashanti Goldfields.

His roles at very senior levels with these companies have included involvement in the development of several new mining operations in Africa, South America and the USA, negotiations with various governments and their agencies, and negotiations for project financing and capital raisings. Most recently he was chief executive of Guinor Gold during the construction and commissioning of the seven million tonnes per year LEFA gold mine in Guinea. As Josef points out, this is a man who manages a...