Gold Mine To Sue

Kingsgate is seeking compensation from the Thai government following its order to close the venture in northern Thailand, resulting in over 1000 Thai men being laid off.

Chief executive office Greg Foulis said the company had made numerous attempts to arrange meetings with the Thai government but to no avail, forcing them to seek compensation under the Thailand-Australia Free Trade Agreement (TAFTA).

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The gold mine closed in December 2016 following 15 years of investment in the Kingdom.

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