As Thailand mine is shuttered, Kingsgate Consolidated turns to Chile

“It’s been a rough six months for us in Thailand and at a corporate level,” admits Greg Foulis, MD of Kingsgate Consolidated (ASX: KCN) down the line from Bangkok.

Half a year after Thailand’s military government refused to extend the license for KCNs Chatree gold mine amid allegations of environmental damage, the government finally swung the axe last month, giving the compa-ny until the end of the year to halt all operations.

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