The activists all women in November 2016 blocked access to a meeting at a local government office in Loei province in Thailands northeast to protest a request by a gold mining company to expand operations near their homes They were charged by prosecutors on behalf of 16 people who said they were unable to attend the scheduled meeting due to the 20 hour protest.
The Loei Provincial Court dropped all charges against them stating they had innocently expressed their opinions which is within their basic rights under the system of democracy They had also been charged with compelling a person by threat or violence to act against his will Had they been convicted they could have faced more than five years in prison.
The court also stated that the defendants lived in the area of the Tungkum Ltd gold mine and thus their livelihoods were directly affected by the mining operations which they said contaminated public water sources with dust heavy metals rat poison and high levels of manganese.
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The companys license to operate in forest areas expired about five years ago curtailing most of its operation.
Unfortunately neither of the two junior mining funds does its job extremely well Both are fairly expensive0 55 percent annually for GDXJ and 0 65 percent for GLDX184 or 55 and 65.
There is still contamination within our six villages surrounding the mine No officials or any department have come to seriously fix or address the problem yet Villagers know that the water is contaminated and we have to be careful and look after ourselves We still have to buy water to drink and cook with Weve been buying water since 2009 when there was a public health announcement.
In December 2016 Prime Minister Prayuth Chan ocha issued an executive order halting all gold mining in Thailand.
Jun 19 2017nbsp018332Last month I told you about the upcoming rebalance of the hugely popular VanEck Vectors Junior Gold Miners ETF GDXJ and how it would distress shares of junior small cap mining.
Nov 06 2019nbsp018332However the Thai Government ordered all gold mining to cease in Thailand by the end of 2016 resulting in Chatree being placed on care and maintenance Since that time Kingsgate has been working on ways to remedy the situation and in March 2019 the company finally received a settlement of its political risk insurance policy of more than 82.
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