RE: Nice A16 Mar 2026 13:38
For long term holders you will most likely remember early 2013 when Centamin plc (the Egypt-focused gold miner) increased its stake in Nyota Minerals (now Kefi), as part of a strategy to develop the Arabian-Nubian Shield.
Key Details of the Action:
Centamin subscribed for 38.5 million new ordinary shares for £0.8 million and an additional 42.5 million new ordinary shares for £0.9 million, bringing its total shareholding in Nyota Minerals to 19.4%.
Strategic Focus: The investment was focused on developing the Arabian-Nubian Shield, which spans across North East Africa and the Middle East, including areas of Egypt and Ethiopia. At that time, Nyota Minerals owned the Tulu Kapi advanced exploration project although in 2024, Centamin itself became the subject of a takeover, agreeing to be acquired by AngloGold Ashanti for £1.9 billion.
The opportunity/threat of a sale or takeover is always a possibility as Harry and other key stakeholders may well find a Jam today scenario more attractive than several years down the line?