Australian Mining Firm Hopes For Better Deal From New Thai Industry Minister

THE REPRESENTATIVE of a shutdown gold mining company hopes he will be given a chance to kick off negotiations with the new industry minister.

“We are closely following the new government appointments,” Siroj Prasertphon, chief financial officer of Akara Resources Public Co Ltd, said yesterday.

“We intend to negotiate the amount for the compensation, the possibility of ending legal disputes, and assurances that the Kingsgate businesses in Thailand will not be closed without scientific proofs again.” 

His comment is related to the shutting down of Chatree mine, owned by Akara Resources, a subsidiary of Australia’s Kingsgate.