Arbitral tribunal delays rulingChatree, a gold mine previously operated by Akara Resources Plc in Phichit province. (Photo: Sitthipoj Kebui)The international arbitral tribunal has postponed till Dec 31 its decision on a dispute between the government and Australia's Kingsgate Consolidated Ltd over the Chatree gold mines, during which time negotiations between the two parties are expected to have wrapped up. "Considering all these developments, the mines are expected to restart between late this year and early next year,'' the source added. The company has demanded 30 billion baht in compensation. The tribunal completed its arbitration hearings on Feb 12, 2020, but has yet to make its decision known while urging both parties to negotiate.

Source: Bangkok Post August 03, 2022 04:37 UTC