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Kingsgate Consolidated Ltd (KCN.AX)

KCN.AX on Australia Stock Exchange

0.22AUD
27 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Kingsgate Consolidated says Greg Foulis resigns as CEO
Tuesday, 2 May 2017 01:15am EDT 

May 2 (Reuters) - Kingsgate Consolidated Ltd ::As an interim measure Ross Smyth-Kirk will assume role of executive chairman.Resignation of Greg Foulis chief executive officer,.  Full Article

Kingsgate Consolidated commences claim against Thailand for measures taken against Chatree gold mine
Monday, 3 Apr 2017 02:26am EDT 

Kingsgate Consolidated Ltd : Kingsgate commences claim against Thailand . It will be seeking a range of remedies, including compensation, from Thai government . Remedies in relation to for measures taken against Chatree gold mine in violation of Australia - Thailand free trade agreement . Believes that only option to resolve situation is to exercise its rights as a protected Australian investor under TAFTA .Kingsgate is currently investigating a range of funding options for potential TAFTA arbitration process if it should proceed.  Full Article

Kingsgate Consolidated says Thai unit ceases production at Chatree Gold Mine
Monday, 2 Jan 2017 07:27pm EST 

Kingsgate Consolidated Ltd : Noted recent press reports of comments by prime minister of Thailand that company should not sue government over closure . Thai controlled unit, Akara Resources, ceased production at chatree gold mine on 31 december 2016 . "Company has been unable to verify these reports" .Meeting proposed by deputy prime minister of Thailand did not proceed.  Full Article

Kingsgate Consolidated says Thai unit ceases production at Chatree Gold Mine
Monday, 2 Jan 2017 05:37pm EST 

Kingsgate Consolidated Ltd : Noted recent press reports of comments by prime minister of Thailand that company should not sue government over closure . Thai controlled unit, Akara Resources, ceased production at chatree gold mine on 31 december 2016 . "Company has been unable to verify these reports" .Meeting proposed by deputy prime minister of Thailand did not proceed.  Full Article

Kingsgate Consolidated says Chatree Gold Mine is now debt free
Tuesday, 27 Dec 2016 07:36pm EST 

Kingsgate Consolidated Ltd : Chatree gold mine is now debt free. . Final payment against akara loan facility of us$6.3 million was made on 23 dec, making chatree plant and landholdings completely unencumbered . Following repayments Kingsgate's group total debt position will be a$5 million, which is scheduled for repayment at end of jan 2017 .Final payment of a$4.1 million has now been received from silver mines limited.  Full Article

Kingsgate Consolidated says Chatree Gold Mine is now debt free
Tuesday, 27 Dec 2016 05:28pm EST 

Kingsgate Consolidated Ltd : Chatree gold mine is now debt free. . Final payment against akara loan facility of us$6.3 million was made on 23 dec, making chatree plant and landholdings completely unencumbered . Following repayments Kingsgate's group total debt position will be a$5 million, which is scheduled for repayment at end of jan 2017 .Final payment of a$4.1 million has now been received from silver mines limited.  Full Article

Kingsgate Consolidated says 15,461 ounces of gold produced during Oct
Wednesday, 9 Nov 2016 01:50am EST 

Kingsgate Consolidated Ltd :A total of 15,461 ounces of gold was produced during october.  Full Article

Kingsgate Consolidated updates on Thai media reports on Chatree Gold Mine
Monday, 31 Oct 2016 09:13pm EDT 

Kingsgate Consolidated Ltd : Has been made aware of some alleged recent comments by thai minister of industry reported in thai media . There is no conclusive evidence of hazardous waste or contamination caused by chatree gold mine . Ministry of industry is not certain that it has power under existing thai law to prematurely close chatree gold mine . Comments that relate to premature closure of chatree gold mine on 31 december 2016. . Ministry of industry expects a study conducted by various government authorities into this matter to be finalised in november . "Media reports themselves are contradictory in certain respects" . "Thai press should not necessarily be regarded as a reliable source of information of this type" . Thai cabinet has instructed ministry of industry to consider impact of matter on free trade agreement between thailand and australia ."Neither kingsgate nor its thai unit akara resources public co ltd, received any communication from thai government in relation to matters".  Full Article

Kingsgate Consolidated updates on Thai media reports on Chatree Gold Mine
Monday, 31 Oct 2016 07:13pm EDT 

Kingsgate Consolidated Ltd : Has been made aware of some alleged recent comments by thai minister of industry reported in thai media . There is no conclusive evidence of hazardous waste or contamination caused by chatree gold mine . Ministry of industry is not certain that it has power under existing thai law to prematurely close chatree gold mine . Comments that relate to premature closure of chatree gold mine on 31 december 2016. . Ministry of industry expects a study conducted by various government authorities into this matter to be finalised in november . "Media reports themselves are contradictory in certain respects" . "Thai press should not necessarily be regarded as a reliable source of information of this type" . Thai cabinet has instructed ministry of industry to consider impact of matter on free trade agreement between thailand and australia ."Neither kingsgate nor its thai unit akara resources public co ltd, received any communication from thai government in relation to matters".  Full Article

Kingsgate Consolidated requests continuation of voluntary suspension of trading in securities
Thursday, 16 Jun 2016 12:37am EDT 

Kingsgate Consolidated Ltd : Requests continuation of voluntary suspension of trading in the securities from commencement of trading on 17 June . Thai cabinet issued order to only renew the metallurgical licence at the Chatree gold mine until 31 December 2016 .  Full Article