[miningmx.com] – THE outlook for Centamin, a gold producer that operates a gold mine in Egypt, was improving after the country’s government promoted foreign-investor friendly policies, said Bloomberg News.
Citing Andy Davidson, head of business development at Centamin, the newswire said the view of Egypt was improving with the new government.
“The new government certainly understands the need to attract foreign direct investment and being supportive of current investment in the country,’ he said. Shares in Centamin fell more than 50% in both 2011 and 2012 after the Arab Spring led to revolution in Egypt, said Bloomberg News.
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