Kingsgate Consolidated Limited (ASX: KCN) – $0.720 (-9%)
02 Mar 2015
Kingsgate Consolidated Limited (ASX: KCN) has resumed operations from a temporary suspension order on the Chatree Gold Mine located in central Thailand (Figure 1).
Figure 1. Location of Chatree Gold Mine
The company has been working closely with the Thai authorities and the local community, satisfying all the requests around the issue of elevated arsenic and manganese levels that were identified in some local inhabitants during regular screening. Activities have included health checks and lifestyle education programs with the company’s commitment to continue to assist with ongoing management of the health issue.
The company commissioned a major environmental report by independent international and Thai scientific experts that confirmed that the Chatree Mining Operation was not the source or cause of the elevated arsenic and manganese levels.
The shutdown period was used to undertake major maintenance tasks that were scheduled for later in the year. The mine is ramping up to full capacity with the first gold pour expected today.
For further information, visit www.kingsgateconsolidated.com.au
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