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Centamin Seeks Removal Of Nyota Minerals Chief Executive

Thu, 19th Sep 2013 08:19

LONDON (Alliance News) - Nyota Minerals Ltd Thursday said Centamin PLC had requested a general meeting to consider removing Chief Executive Richard Chase, but said the notice didn't comply with rules governing such requests and therefore it has asked Centamin to re-submit it.

It didn't say why Centamin was requesting the removal of the CEO, but will update the market once its gets a request that meets the rules.

Centamin is the company's biggest shareholder with a 19.4% stake, according to the company's website.

Nyota shares were up 1.7% at 0.605 pence Thursday morning.

By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1

Copyright 2013 Alliance News Limited. All Rights Reserved.

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19 Sep 2013 14:30

UPDATE: Centamin Seeks To Oust Nyota Minerals Chief Executive

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5 Jun 2013 09:07

Nyota Minerals discovers gold anomaly in Boka West, Ethiopia

Nyota Minerals, the AIM-listed gold exploration and development company in East Africa, has reported the discovery of a new gold anomaly at the Boka-West target in the company's 100 per cent-owned Northern Block exploration licence areas located in Western Ethiopia. The gold-in-soil anomaly extend

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14 Mar 2013 11:46

Nyota Minerals study confirms scope for high gold production at Tuli Kapi

AIM-listed East African gold exploration and development company Nyota Minerals has reported that more than 100,000 ounces of gold could be produced at its Tuli Kapi project annually, in its preliminary results for the six months ended December 31st. The group reported that a definitive feasibility

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21 Feb 2013 10:38

Gold miner Centamin ramps up stake in Nyota Minerals

Egypt-focused mining company Centamin has increased its stake in AIM-listed Nyota Minerals to further develop the Arabian-Nubian Shield, an area of land that straddles parts of North East Africa and the Middle East. It includes regions of Egypt, Ethiopia, Eritrea, Sudan and Saudi Arabia and is hig

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31 Jan 2013 11:36

Nyota Minerals unveils gold feasibility study for Tuli Kapi project

AIM-listed East African gold exploration and development company Nyota Minerals has unveiled details of a feasibility study for its Tulu Kapi Gold Project. The study confirmed the technical and economic feasibility of a 105,000 troy ounce per annum open pit operation. The group further announced t

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