Relations between miners Centamin and Endeavour Mining appear to remain strained, as the companies try to make headway with negotiations about a potential merger, which would create a mining company producing more than one-million ounces a year.
Initial exchanges between the companies do not appear to have started on good terms, with LSE- and TSX-listed Centamin complaining that its potential suitor is refusing to engage in a proper manner, while TSX-listed Endeavour says Centamin is not prepared to enter into constructive engagement.