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    gold investing

    Thailand to Close Only Active Gold Mine

    Written by Teresa Matich
    |
    May. 18, 2016 10:45AM PST

    Reuters reported that Thailand’s only active gold mine is set to close by the end of May. The country intends to formally inform the Australian operator of the mine that it must halt operations. As quoted in the publication: The Chatree mine, owned by Kingsgate Consolidated Ltd , has been at the centre of protests …

    Reuters reported that Thailand’s only active gold mine is set to close by the end of May. The country intends to formally inform the Australian operator of the mine that it must halt operations.
    As quoted in the publication:

    The Chatree mine, owned by Kingsgate Consolidated Ltd , has been at the centre of protests by farmers and villagers who say that it has poisoned residents, crops and livestock.
    The ministry announced on May 10 it had ordered the closure, but Kingsgate said it had not received formal notice and that its local unit Akara Resources would continue to operate until it received the order.

    Click here for the full article.

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