Kingsgate has big win with political insurers

KINGSGATE Consolidated has won A$82 million from its political risk insurers in relation to the Chatree mine case in Thailand, with the incoming funds to pay out corporate debt of $22 million owed to Investec and provide liquidity for the ASX-listed company to continue its much bigger TAFTA claim against the Thai government.

Kingsgate has big win with political insurers Kingsgate has big win with political insurers Kingsgate has big win with political insurers Kingsgate has big win with political insurers Kingsgate has big win with political insurers

The blue sky is back at Nueva Esperanza following Kingsgate's political risk insurance win

Due to confidentiality agreements, Kingsgate executive chairman Ross Smyth-Kirk wouldn't be drawn on the amount being sought from the Thai government, other than to say it was "a lot more" than the