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Has Prayut’s order as junta chief put Thailand on gold miner’s chopping block?

Has Prayut’s order as junta chief put Thailand on gold miner’s chopping block?

13 Sept 14:12 Key points summarised by AI
  • Thailand faces a potential US$750 million compensation payout to Australia's Kingsgate Consolidated after PM Prayut Chan-o-cha, as junta chief, ordered the closure of its Chatree gold mine in 2017.
  • The mine's closure followed years of local complaints about severe health and environmental damage, with residents now fearing a reopening if Kingsgate wins or negotiates a favorable settlement.
  • Negotiations are ongoing, delaying the arbitral tribunal's ruling, but the controversial nature of Prayut's order under international law puts Thailand at a disadvantage, incurring significant legal costs.
  • Opposition parties and activist groups demand that Prayut alone be held accountable for the dispute, arguing the Thai public should not bear the financial burden or sacrifice national interests for a decision made under his junta authority.
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