Loading ...Over 1,000 Thai miners will be out of a job come January, when the Chatree mining complex shuts its gates.
Chatree, operated by a Thai subsidiary of Australian company Kingsgate Consolidated Limited (ASX:KCN), is Thailand’s largest gold mine and the only one currently operating.
The closure, which affects 1,004 employees, was issued by the military regime under Section 44 of the interim charter to issue an order to suspend gold mine operations from January 1, according to the Bangkok Post. Under the order, licenses for new and existing exploration concessions cannot be issued. The mine’s concessions were good until 2028.
The Bangkok Post says the order was issued Tuesday by National Council for Peace and Order (NCPO) chief Gen Prayut Chan-o-cha, in order to address conflicts between the mine operator, Akara Resources, and residents over environmental and health issues linked to the mine.
cont. http://www.mining.com/thailands-chatree-gold-mine-closing-2-weeks/