trending Market Intelligence /marketintelligence/en/news-insights/trending/9z2umv15xkazurxosq8snq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Kingsgate: Chatree mine now debt free

L.K. Bennett: Bankruptcy Case Study

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry


Kingsgate: Chatree mine now debt free

Kingsgate Consolidated Ltd. on Dec. 28 said its Chatree gold mine in Thailand is now debt free after it made a final US$6.3 million repayment against the Akara loan facility Dec. 23.

Following the repayment, the company's debt position has been reduced to A$5 million, which is set to be repaid in January 2017, compared to a debt position of A$72 million at the end of September.

The Chatree mine will be under care and maintenance from January 1, 2017, in accordance with the Thai government's decision to shutter the mine.

Kingsgate Chairman Ross Smyth-Kirk said the company will seek compensation from the government over its decision to shut the mine, but Thai Prime Minister Prayut Chan-o-cha urged the company not to sue the government, noting that the ordered closure is just a suspension.

The company also said it completed the sale of its remaining 15% stake in the Bowdens silver-lead-zinc property in central New South Wales to Silver Mines Ltd. after receiving the final A$4.1 million payment from Silver Mines.