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Canadian investors look to enter into gold exploration in Thailand

02.06.2009 20:30

Canadian business interests are planning to invest in exploration and development of gold mining in Thailand, according to Industry Minister Chanchai Chairungruang.



Speaking after a meeting with a group of Canadian business visitors led by Senator Mac Harb, Mr. Charnchai said he and the senator discussed mining business and promotion of investment in the mining sector in Thailand.


Mr. Harb, an advisor of the Southeast Asia Mining Corp, and the Canadian businesspersons expressed strong interest in invest in gold resource exploration  for possible mines in Loei, Pichit, Petchabul and Prachinburi provinces, he said.


Recently, Canadian business interests established a joint venture with Thai counterparts under the name of GO Thai to apply for permission to explore tin and zinc mining in Kanchanaburi province with the National Parks, Wildlife and Plant Conservation Department.


The department is considering the application and the geographical suitability of potential areas for exploration, he said.


Canada
is the world’s largest mineral exporter, with a rapidly developing mining industry.


Canadian mining investment interests now want Thailand as their mining base in Southeast Asia.



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