Myanmar is expected to lead in the Mekong region for mining industry growth, driven by the high production growth of tin, lead and coal.
Thailand Mining News
Since shutting down of all gold mining and exploration activities in 2016, the country has been losing both tax revenue and investors, a new report shows.
Egypt recently bought gold for the first time since 1978, India, Indonesia, Thailand and the Philippines have re-entered the gold market after years-long absences.
Owner, Australian Kingsgate Consolidated, will begin arbitration under the Thailand-Australia Free Trade Agreement (TAFTA) to try to recover “the substantial losses” it has incurred.
Investors in Kingsgate Consolidated Ltd. (ASX:KCN) were allowed to gasp for air on Friday after being underwater on the stock due to problems with its mine in Thailand.
Over 1,000 Thai miners will be out of a job come January, when the Chatree mining complex shuts its gates.
Chatree remains in operations despite and order by the country's military regime last week to halt all gold mining and exploration activities.
Thailand will shutter its largest gold mine by the end of the year after the government said concern the project was damaging the environment and sickening workers outweighed its economic benefit.
ANZ predicts that as incomes rise across Asia, particularly in China and India, so will the appetite for gold rings and necklaces.
A gold mine that straddles three provinces in northern Thailand has been given the go-ahead to reopen, following a month-long halt due to health concerns believed to be the result of heavy metal contamination.
A Thai gold mining company is under fire this week after lab results indicated as many as 6,000 people may have been poisoned by heavy metals.
Residents have for years contested the mining operation run by a subsidiary of Tongkah Harbour Pcl., Thailand’s largest gold mining company.
Central Bank and analysts fear foreign exchange speculation is behind the sudden and steep gold demand increase.
India's duty hike has made domestic gold jewellery more expensive than imported jewellery, with retailers stocking up on cheap imports from Thailand and China to quell demand.
The government of Laos has given the green light to a Thai company to conduct coal prospecting and exploration on an area of 36.7 square kilometres in Nakheng and Namon villages in Feuang district
Bankgok Post reports that PTT Plc has acquired the remaining shares in Perth-based Red Island Minerals for $50.2 million.
Shares in the Thai steelmaker fell sharply on Wednesday after ArcelorMittal pulled out of a deal to buy a 40% stake in it.