Centamin plc (CEY.L, CEE.TO) announced Wednesday that the High Administrative Court of Egypt has today made a ruling suspending enforcement of the judgment issued by the Administrative Court on 30 October 2012 until a final decision on the merits of the appeal is given.
The company said that the judgment supersedes the notice of "objection to enforcement" which has been in place since 31 October 2012 and effectively allows normal operations at Sukari to continue throughout the appeal process.
"Today's hearing and decision was not on the merits of the appeal and as yet no date has been set for the initial hearing in this respect," the company said.
For comments and feedback: editorial@rttnews.com