Australian Miner Kingsgate Looks To Spin Off Akara Mining In Thailand

After several years of delays, Gavin Thomas, CEO of Australian miner Kingsgate Consolidated, tells Dealbook Australia that the company’s Thai unit, Akara Mining, may IPO in Thailand next June.  Presumably, no shares of the newly separated unit would be distributed to shareholders, but this would allow the company to raise money to fund the development of its Thai mines.  We know very little about non-US in general, and even less about Australia and Thailand.  Perhaps one of our readers can add to this story in the comments.

Disclosure: The author owns no shares of any stock mentioned