Who is Akara Resources?? Akara Resources (formerly Akara Mining...

Who is Akara Resources??

Akara Resources (formerly Akara Mining Limited) was incorporated and registered as a private company under Thai law in 1993. Akara is the owner and operator of the Chatree Mining Complex in Thailand. We are a subsidiary of Kingsgate Consolidated Limited; an Australian Securities Exchange ("ASX") listed company. The Kingsgate Group held 48.2% of our outstanding share capital as of June 30, 2013.

Akara Resources has a strong history of sustainable growth since the mine was commissioned in 2001. As a result, we now own and operate the largest gold mine in Thailand

Akara Resources owns and operates the largest gold mine in Thailand, We commissioned our original metallurgical processing plant in conjunction with the development of Chatree South in 2001. The original plant had a nameplate capacity of 1.0 million tonnes per annum, which capacity was subsequently increased to 2.3 million tonnes per annum respectively. In November 2012, we increased the total nameplate processing capacity at the Chatree Mining Complex to 5.0 million tonnes per annum by construction of a new Processing Plant. The expanded Chatree Processing Plant is currently operating at 6.2 million tonnes per annum.

Above was taken from http://www.akararesources.com/en/about/vision


PEH CEO Peter White stated in today’s announcement the following -


EnviroSuite is quickly gaining international recognition

for the vital insights it delivers to help companies reach operational and regulatory goals, as well as providing
essential transparency for community relations. Our new contract with Akara serves as a strong endorsement of the
platform and provides excellent client validation for its use in
other metal mines. The use in coal and iron ore mines is amply demonstrated by the client base within Australia including BHP Billiton, Rio Tinto, and Anglo American.”


today’s announcement was a big positive for PEH. I’m definitely holding good luck guys, remember 135mill shares on issue and a market cap of 18.9 mill at 14c,  plenty of growth and plenty of contracts on the horizon.