webfact Posted December 15, 2016 Share Posted December 15, 2016 Gold mine ban ‘not final’ By PRATCH RUJIVANAROM THE NATION Experts believe junta order allows room for amendment later; Akara Resources says 1,000 workers will lose jobs. PHICHIT: -- ENVIRONMENTAL EXPERTS believe that the junta’s order on Tuesday to suspend gold mining operations is not final and there is room to reverse the decision or amend the order, even as Akara Resources pledged to comply with the diktat and stop mining operations. About 1,000 workers at the Chatree gold mine in Phichit province will likely to lose their jobs due to the order, according to a source at the company. The order issued under Article 44 on Tuesday by the National Council for Peace and Order (NCPO) called for the cessation of all gold mining operations with effect from January 1. The NCPO ordered relevant state agencies not to issue or renew gold mine exploration or mining concessions or metallurgy permits, because of conflicts over gold-mining operations in the country. Full story: http://www.nationmultimedia.com/news/national/30302127 -- © Copyright The Nation 2016-12-15 Link to comment Share on other sites More sharing options...
worgeordie Posted December 15, 2016 Share Posted December 15, 2016 Looks like if a donation is forthcoming,they can open again. regards worgeordie Link to comment Share on other sites More sharing options...
Brer Fox Posted December 15, 2016 Share Posted December 15, 2016 (edited) So the decision they made to close all mines on 1st January using Article 44 was not a complete decision after all. Possibly this means the decision to create a National Mining Commission remains undecided. It seems now that orders under Article 44 have selective flexibility and can permit reversal of certain decisions which might impact the wealth of the wealthy. Edited December 15, 2016 by Brer Fox Link to comment Share on other sites More sharing options...
yellowboat Posted December 15, 2016 Share Posted December 15, 2016 Invoke martial law then reconsider. Maybe they should just let the law take its course and not interfere. Everyday people see these fluctuations in judgment happen, Thailand looks less than credible. Link to comment Share on other sites More sharing options...
klauskunkel Posted December 15, 2016 Share Posted December 15, 2016 close all goldmines, goldmines reopen, ban all goldmines once and for all, goldmine ban not final... arrest Dhammachayo, no have a meeting first, where is the warrant?, hold off, search and arrest him now, not ready yet... democratic elections last year, this year, next year, for sure maybe not who knows... no human trafficking in Thailand, ok just a little bit and without officials involved, we are downgraded oh no, the traffickers use Thailand as transit, we are upgraded oh yeah... Link to comment Share on other sites More sharing options...
fforest1 Posted December 15, 2016 Share Posted December 15, 2016 4 minutes ago, klauskunkel said: close all goldmines, goldmines reopen, ban all goldmines once and for all, goldmine ban not final... arrest Dhammachayo, no have a meeting first, where is the warrant?, hold off, search and arrest him now, not ready yet... democratic elections last year, this year, next year, for sure maybe not who knows... no human trafficking in Thailand, ok just a little bit and without officials involved, we are downgraded oh no, the traffickers use Thailand as transit, we are upgraded oh yeah... This is the most accurate and true post I have read on Thai Visa this year.. Outstanding post...That summarizes Thai news perfectly.. Link to comment Share on other sites More sharing options...
CantSpell Posted December 15, 2016 Share Posted December 15, 2016 17 minutes ago, klauskunkel said: close all goldmines, goldmines reopen, ban all goldmines once and for all, goldmine ban not final... arrest Dhammachayo, no have a meeting first, where is the warrant?, hold off, search and arrest him now, not ready yet... democratic elections last year, this year, next year, for sure maybe not who knows... no human trafficking in Thailand, ok just a little bit and without officials involved, we are downgraded oh no, the traffickers use Thailand as transit, we are upgraded oh yeah... Link to comment Share on other sites More sharing options...
eisfeld Posted December 15, 2016 Share Posted December 15, 2016 10 minutes ago, fforest1 said: This is the most accurate and true post I have read on Thai Visa this year.. Outstanding post...That summarizes Thai news perfectly.. I have to agree. This post using confusing language is frightingly accurate of the real situation. Hats off to klauskunkel! Link to comment Share on other sites More sharing options...
licka Posted December 15, 2016 Share Posted December 15, 2016 The mine would make an ideal garbage dump for the next few years Link to comment Share on other sites More sharing options...
fforest1 Posted December 15, 2016 Share Posted December 15, 2016 2 hours ago, licka said: The mine would make an ideal garbage dump for the next few years Till the Chinese take it over...lol Link to comment Share on other sites More sharing options...
Eric Loh Posted December 15, 2016 Share Posted December 15, 2016 It's final, according to Akara Resources. They are packing in and not coming back. Tire of Flip flop regulation. Link to comment Share on other sites More sharing options...
tomacht8 Posted December 15, 2016 Share Posted December 15, 2016 In the mine is still gold for the next 20-30 years.There are two general strategies. 1. Mine decommissioning announcement, then buy cheaply at the stock exchange the shares, then permission to restart. Bingo. 2. Mine decommissioning announcement, take over the mine with an own mailbox company, then permission to restart. Bingo. Akara had been planning to invest a further $US1 billion ($1.34 billion) to continue mining on adjacent leases for another 20 to 30 years, raising several billion dollars in revenue, company executives said.In order to get such investment sums, it needs operating guarantees. Kingsgate now plans to open a mine in Chile. What is interesting is that the company received a low-ball bid at 4.2 cents per share from a Thai petroleum millionaire in September. Chatchai Yenbamroong’s Northern Gulf Petroleum is offering just $9.4 million for just over 50% of the company, but it seems clear that his eyes are on resuming gold mining at Chatree. Mr Yenbamroong has told The Australian, “They’ve got no solution to the challenges in Thailand. They’re trying but it’s got to do with strategy, access to decision makers, key people, and you have to know the environment you’re in.” He added that if his bid was successful, his urgent priority would be lobbying the Thai government to renew the mining licence. The reputation of Thailand as an investment location is in the drain (and some people become richer). Link to comment Share on other sites More sharing options...
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