Chatree mining fleet. Source: Kingsgate Consolidated
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Kingsgate Consolidated (KCN) progresses activities for the restart of the Chatree gold mine in Thailand as it appoints engineering solutions company CR3
  • CR3 has over 30 years of experience in providing energy engineering solutions to mining, energy production, chemical processing and power industries.
  • It has been appointed to refurbish and restart Chatree, with mobilisation of personal expected next month, and work to begin in July
  • Kingsgate finalises the scope of work for the refurbishment of Plant Two and completes orders for all of the required long lead items
  • Shares are trading 1.71 per cent lower today at $1.44 each at 10:10 am AEST.

Kingsgate (KCN) has progressed activities for the restart of the Chatree gold mine in Thailand as it appoints engineering solutions company CR3.

CR3 has over 30 years of experience in providing energy engineering solutions to mining, energy production, chemical processing and power industries.

It has been appointed to refurbish and restart Chatree, with mobilisation of personal expected next month and work to begin in July.

The engineering company has several mining customers in Asia and has built a portfolio of work in industrial maintenance, plant revamp and shutdown services.

Kingsgate has finalised the scope of work for the refurbishment of Plant Two and has ordered all of the required long lead items.

Shares were trading 1.71 per cent lower today at $1.44 each at 10:10 am AEST.

KCN by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX200 takes a slide into the weekend

The ASX200 shed 0.85% today – with every sector – except materials, losing ground. IT stocks…

Week 20 Wrap: EU-to-China cargoes up 12% YTD; US CPI tame

US inflation was the biggest data drop of the week; Anglo American is restructuring to fend…
The Market Online Video

Market Update: ASX dips with only materials afloat

The ASX is down nearly half a per cent - on par with future's predictions -…

Patagonia grows portfolio of REE and lithium-focused territory with exploration grants

Patagonia Lithium Ltd has been granted an additional 15 exploration licences in Argentina where it is…