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To: Anchan who wrote (71504)	2/18/2011 2:18:20 PM
From: Veteran98	of 233859

Re: CEE barely a mention on BNN that I've heard... I went in pretty big at 1.92 this morning.... Reuters has been updating but I haven't seen a company news release. Well over a 100 million shares traded almost all under 2.00..... UPDATE-1 Centamin Egypt says operations not hit by sit-in * Operations at flagship mine not impacted-spokesman * Shares down as much as 15 pct to one-year low * Protest not asking for firm to be nationalized-spokeswoman (Adds details) CAIRO/LONDON, Feb 18 (Reuters) - Centamin Egypt (CEY.L) (CEE.TO) said a sit-in protest of workers at its flagship Sukari gold mine was minor, involved about 50 people out of a staff of 850 and had not disrupted operations. Egypt's state news agency had earlier reported that more than 250 workers began a sit-in to demand better pay and a switch from Australian to Egyptian ownership, pulling Centamin's shares down as much as 15 percent in London to a one-year low. "We are dealing with a handful of people but the most important thing on this is that operations of Sukari are not impacted in the slightest," Centamin spokesman Bobby Morse told Reuters. The shares were down 12 percent at 1637 GMT, valuing the gold producer at about 1.35 billion pounds ($2.2 billion). Centamin has seen almost 650 million pounds erased from its value this year as a result of the political unrest in Egypt. [ID:nLDE71000N] "There are about 50 people doing a sit-down protest, but they are not calling for the company to be nationalized or changed from Australian to Egyptian ownership," a spokeswoman said, adding that the protest was regarding working conditions. "Mining and processing has not been interrupted so production won't be affected," she said. (Reporting by Edmund Blair, Tom Pfeiffer and Julie Crust; Editing by Hans Peters) ($1=.6171 Pound)

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