Sébastien de Montessus, the CEO of Endeavour Mining, and Josef El-Raghy, executive chairperson of Centamin, have met in Perth, Australia, last week to discuss the merits of a combination of the two companies.
During the meeting, in which non-disclosure agreements were signed, De Montessus and El-Raghy agreed that the Africa-focused miners should conduct a reciprocal due diligence exercise to determine the feasibility of a transaction.