Negotiation Deadline Extension

https://www.dailynews.co.th/news/701065/

Thailand hopes Kingsgate withdraws lawsuit against Agra mine closure to expand the deadline to negotiate again

Thailand hopes for Kingsgate to withdraw the lawsuit After giving a license to Agra to reopen according to the new Minerals Act, aiming to extend the deadline for negotiations again, originally ending in January, with the establishment of a working group to draw villagers in the area due to the mineral committee According to the Minerals Act B.E. 2560 (2017), the renewal of concession certificates for gold and silver mining has been approved. with the mining method of open-pit mining in the amount of 4 plots, namely, the concession certificate number 25528/14714 in the area of Tai Dong Sub-district, Wang Pong District, Phetchabun Province. and a concession certificate no. 26910/15365, a concession certificate no. 26911/15366, and a concession certificate no. 26912/15367 in the area of Khao Chet Luk Subdistrict, Thap Khlo District, Phichit Province, for another 10 years, Department of Primary Industries and Mines Therefore, it has been granted permission to extend the above 4 plots of concession certificates for another 10 years from 30 Dec. '64-29 Dec. 74, belonging to Akara Resources Plc., a subsidiary of Kingsgate Company. Consolidated Limitedwho are having a dispute with the Thai government in the process of arbitration In the case of cancellation of special licenses for gold exploration and gold mining concession including all applications for renewal of concession certificates since 60.

Mr. Nirand Yingmahisaranon Director-General of the Department of Primary Industries and Mines (PCD), Ministry of Industry , said that all 4 licenses granted by Akara Pcl. The new Minerals Act B.E. 2560 and is the same license that was previously submitted for permission. no new area which this permission It confirms and proves that the OBEC is fair to the company. by requesting to comply with the laws of Thailand And now waiting for Agra to inform me when to come in to invest Before investing, the OBEC will appoint a new committee. to monitor business operations There will also be representatives from the local community.

“The prosecution trend is believed to be improving. if can agree It may be withdrawn. or end the case together well because there is nothing to sue each other again As for the deadline for the 31 Jan Arbitration Committee, it is now in the process of agreeing to extend the time again. which previously POR has sent officers to monitor the well-being of villagers in the area After the operator stops operating and asked the villagers that Most want the company to come back to operate. to create jobs and generate income for the community As for the company When will it resume? It depends on the company's consideration as important.”.