How is gold-mining company Centamin setting a precedent for Australian firms aiming to operate in Egypt?

PL: Centamin is exciting because of the nature of the product. All mining products generate money, but the fact that it s gold brings the whole world s attention to Egypt. If the reserves are as big as they say they are, it will raise a lot of profile for Egypt, and certainly Australia s major mining companies will eventually want to be a part of that.

The project s success in its own right will be great, but more so if it expands the ability of Australian companies to be part of the Egyptian market in the mining industry. AR: We re still watching to see what will happen in terms of the outcome for the Centamin mining; I m sure it will tell us the feasibility of what Egypt has to offer. What we re looking forward to now is the prospective change to be made to the mining law.

The Ministry of Petroleum is in discussions and looking at the mining laws in Western Australia, which has one of the leading mining laws in the world as does South Africa so we re all watching with a lot of ...

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