Post by account_disabled on Dec 27, 2023 23:41:34 GMT -5
Experts point out Thailand still has a chance to win the case in the arbitration process. In the case of the NCPO government issuing Order Section 44 to close the Akara gold mine. Even if you are at a disadvantage Ready to demand to fight the case fully. Because it involves national benefits valued at hundreds of billions of baht. and have an impact on the environment and the health of Thai people Ordinary Party leader Lertsak Khamkhongsak said the nation and Thai people are about to lose enormous benefits. If the Thai legal department that is going to speak in the case according to the international arbitration process Kingdom of Thailand with Kingsgate Consolidated Limited, major shareholder of Akara Resources Public Company Limited, in Singapore on February Lertsak said that in prosecuting the said case The Ministry of Industry has proposed 4 possible outcomes of the arbitration case for the Thai side: For the Thai government to pay full compensation and for Kingsgate to cease operations in Thailand.
Let the Thai government compromise. and carry out the proposal of Akara Resources Company without paying compensation. Waiting for the arbitrator's decision Let the Thai government pay some compensation. and allow Email Marketing List the gold mine to continue opening He noted that Even though the government's official attitude It has not yet been revealed which method will be chosen to fight the case against Kingsgate Company, but from the attitude of the Minister of Industry, Suriya Jungrungruangkit It is shown that The government is likely to negotiate with mining companies. and allow the mine to be opened again. Although gold mining has severe impacts on the environment and the health of villagers around the mine, “Gold mining causes serious environmental problems. Because the mining brought out gold ore This causes other heavy metals that are toxic to health that are hidden underground, such as manganese and arsenic, to be dug up to contaminate the environment. Opening up the land surface for mining also destroys forests and villagers' arable land.
In addition, the extraction of gold ore requires the use of cyanide, which is toxic to the environment and the health of the villagers as well,” Lertsak said. He said there are serious health and environmental impacts from gold mining. leading to conflict in the area until causing the NCPO government Use special powers under Section 44 to issue an order to close the mine for rehabilitation. Eventually, gold mining operations throughout the country were suspended. However, the use of the NCPO order to close the gold mine caused Kingsgate Company to use it as an excuse to complain in the arbitration that The Thai government uses its illegitimate power to damage the investments of foreign investors. It is a violation of the Thailand-Australia Free Trade Agreement (TAFTA) and requires damages from the Thai government in the amount of 30,000 million baht.
Let the Thai government compromise. and carry out the proposal of Akara Resources Company without paying compensation. Waiting for the arbitrator's decision Let the Thai government pay some compensation. and allow Email Marketing List the gold mine to continue opening He noted that Even though the government's official attitude It has not yet been revealed which method will be chosen to fight the case against Kingsgate Company, but from the attitude of the Minister of Industry, Suriya Jungrungruangkit It is shown that The government is likely to negotiate with mining companies. and allow the mine to be opened again. Although gold mining has severe impacts on the environment and the health of villagers around the mine, “Gold mining causes serious environmental problems. Because the mining brought out gold ore This causes other heavy metals that are toxic to health that are hidden underground, such as manganese and arsenic, to be dug up to contaminate the environment. Opening up the land surface for mining also destroys forests and villagers' arable land.
In addition, the extraction of gold ore requires the use of cyanide, which is toxic to the environment and the health of the villagers as well,” Lertsak said. He said there are serious health and environmental impacts from gold mining. leading to conflict in the area until causing the NCPO government Use special powers under Section 44 to issue an order to close the mine for rehabilitation. Eventually, gold mining operations throughout the country were suspended. However, the use of the NCPO order to close the gold mine caused Kingsgate Company to use it as an excuse to complain in the arbitration that The Thai government uses its illegitimate power to damage the investments of foreign investors. It is a violation of the Thailand-Australia Free Trade Agreement (TAFTA) and requires damages from the Thai government in the amount of 30,000 million baht.