PriceSensitive

Kingsgate Consolidated (ASX:KCN) appoints CR3 to restart Chatree gold mine

ASX News, Materials
ASX:KCN      MCAP $399.5M
19 May 2022 09:19 (AEST)

Chatree mining fleet. Source: Kingsgate Consolidated

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.

Related News