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Thailand’s Chatree gold-mine battle is coming to an end – but who won?

13 Sept 12:34 Key points summarised by AI

Thailand faces a US$750 million arbitration claim from Kingsgate Consolidated Limited over the 2017 suspension of its Chatree gold mine, with a verdict from a Singapore tribunal due January 31.
Intense out-of-court negotiations have repeatedly postponed the verdict, strongly indicating a probable settlement between the Thai government and the mining company.
Kingsgate recently secured four new 10-year mining leases, signaling a path for the Chatree mine's resumption and potentially leading to the withdrawal of the compensation claim.
The impending settlement aims to resolve the dispute, allowing Akara Resources to restart operations, create local jobs, and avert a potentially costly international arbitration loss for the Thai government.

Yesterday 15:38 Key points summarised by AI

Thai MP Suchada Zhang Thaensap faces intense scrutiny over her husband’s substantial 1.84 billion baht wealth, with opposition lawmakers alleging connections to international scam networks.
A significant portion of her husband, Taiyang Zhang's, declared assets includes a 1.44 billion baht loan to the now-bankrupt cryptocurrency hedge fund Three Arrows Capital, which still owes him 1.34 billion baht.
Opposition MP Rangsiman Rome accused Suchada's husband of links to online scam networks and gambling sites, prompting Suchada to vehemently deny the claims, demand evidence, and file a defamation complaint.
Taiyang Zhang's background includes co-founding Ren Protocol, later sold to Alameda Research (linked to the FTX collapse), and some of his former associates have been convicted in crypto company failures.
Suchada, a former actress and first-time MP, maintains her husband's innocence, while her party leaders have distanced themselves from the allegations, deeming it a private matter.