Just days ago, Australia’s Kingsgate Consolidated Ltd started arbitration proceedings against Thailand under the Australia-Thailand Free Trade Agreement. At the centre of the dispute is the damages suffered by the company after the National Council for Peace and Order (NCPO) ordered all gold mines in Phichit province to be closed. The order was issued on January 1 this year, only to be reversed less than a year later. Kingsgate operated the Chatree gold mine under the management of its subsidiary Akara Resources whose operations were closed following the NCPO order on January 1. According to one expert, there were insufficient scientific and academic documents to substantiate the NCPO order.

Source: The Nation Bangkok November 04, 2017 18:00 UTC