Australian miner Kingsgate Consolidated says it will move immediately to commence international arbitration proceedings against Thailand over the premature shut-down of its Chatree gold mine.
After months of negotiations with the Thai government, Kingsgate said Thursday it had been unable to reach any settlement and would commence arbitration without delay to try to recover "the substantial losses" it had incurred.
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Tess Ingram was a journalist with WAtoday. Before that, she was a reporter in The Australian Financial Review’s Perth bureau, covering business, economics and politics. Connect with Tess on Twitter.
