| Kingsgate Statement on Thai Media Reports | |
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In relation to reports in the Thai media regarding alleged corrupt conduct, the Company is not aware of any basis for an investigation into any such matter.
Kingsgate Consolidated Limited (ASX:KCN) and its mining operations are subject to a wide range of laws and government regulations and policies applying in Australia and a number of foreign jurisdictions, with respect to matters such as land use, employee health and safety, rehabilitation of mining properties, environmental damage and pollution and payments to government officials.
In mid?2014, ASIC concluded an investigation into payments made by the Company to a consultant for business and commercial advisory services in connection with its Thai operations. ASIC has taken no action following the completion of its investigation, and the Company considers this matter to be closed.
The company has operated successfully in Thailand for more than 14 years in compliance with applicable Thai and Australian laws, and will continue to do so.
Greg Foulis
Chief Executive Officer
Kingsgate Consolidated Limited
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Kingsgate Consolidated Ltd
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PRODUCER |
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CODE : KCN.AX |
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ISIN : AU000000KCN1 |
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Kingsgate is a zinc and lead producing company based in Australia. Kingsgate produces zinc, lead, gold and silver in Thailand, develops lead, silver and zinc in Australia, and holds various exploration projects in Australia. Its main asset in production is CHATREE in Thailand and its main asset in development is BOWDENS in Australia. Kingsgate is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 362.2 millions as of today (US$ 231.8 millions, € 217.8 millions). Its stock quote reached its highest recent level on January 07, 2011 at AU$ 9.90, and its lowest recent point on October 21, 2016 at AU$ 0.13. Kingsgate has 223 580 000 shares outstanding. |