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.
Chief Executive Officer
Kingsgate Consolidated Limited