After a Cabinet meeting Tuesday, Industry Minister Atchaka Sibunruang told the media at Government House that her ministry would not issue new gold exploration concessions and Akara’s metallurgy licence would be extended only until the end of the year.
She added that relevant authorities would work to solve related environmental, healthcare and unemployment problems.
The Cabinet decision also closed the door on new gold exploration and the opening of new mines.
Akara Resources spokespeople said the company was surprised by the decision and would consult with legal advisers.