Machine work at Chatree gold mine in Phichit, operated by Akara Resources, a subsidiary of Australia's Kingsgate. PORNPROM SATRABHAYAAustralia-based Kingsgate Consolidated Ltd will seek compensation from the Thai government over the suspension of its mining operation in Thailand last year. Kingsgate is the parent company of Akara Resources Plc, which owns the Chatree gold mine in Phichit province. "As a first step, Kingsgate has today notified the Prime Minister of Thailand it wishes to engage in consultations as required under TAFTA," said Mr Foulis. TAFTA was signed in 2004 between Thailand and Australia to promote and improve the environment for bilateral services, trade and investment.

Source: Bangkok Post April 04, 2017 23:37 UTC