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Sovereign risk increased in NSW- as expected!

The latest results from the well regarded Fraser Institute survey should have NSW MP’s worried. It shows that stealing people’s property has consequences! The Fraser Institute of mining companies is a well respected international survey of mining and exploration company managers that has been conducted annually since 1997. The 2015 ...

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Jim Viets Performs the Mining Permit Blues

Mining Permit Blues Song by Jim Viets launched in the Pilbara for National Mining and Related Industries Day, 22nd November 2015. Mining Permit Blues – Jim Viets       Jim Viets, lyrics and music Geoff Thompson, additional vocals Jim Kimo West, lead guitar, electric bass and audio engineering James ...

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Watchdog refused to probe SMH leak complaint

The NSW corruption watchdog ICAC refused to investigate an official complaint about its organisation leaking to The Sydney Morning Herald. Former Liberal NSW energy and resources minister Chris Hart­cher has sent a letter of complaint to ICAC inspector David Levine calling for former commissioner David Ipp’s conduct to be investigated ...

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Mike Baird should right Barry O’Farrell’s wrong

Eventually, NSW Premier Mike Baird will realise the time has come to cut adrift his predecessor, Barry O’Farrell, and make amends for abandoning due process and respect for property rights. O’Farrell is out of politics, but the impact of his greatest blunder — expropriating US assets — has tainted the ...

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US investor warns of sovereign risk after NuCoal loss

An American institutional investor has warned that it is unlikely to ever again invest in Australia because the NSW government expropriated its assets and has refused to pay compensation. Boston-based Sparta Group, which manages a global investment portfolio, is one of a group of US shareholders in Australian company NuCoal ...

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Asset Seizure by NSW Infuriates Americans

American institutions are considering launching international arbitration proceedings against Australia because the government of former NSW premier Barry O’Farrell expropriated US assets worth $120 million. The US institutions, which had major shareholdings in listed mining company NuCoal Resources, were among the main losers last year when the O’Farrell government cancelled ...

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Draft Exploration Code of Practice: Community Consultation

The Division of Resources and Energy (DRE) is currently reviewing the existing community consultation guidelines and reporting information. A draft Exploration Code of Practice: Community Consultation [752 KB PDF] has been prepared to provide detailed requirements and guidelines to assist title holders in the fulfilment of their community consultation obligations. ...

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Asset Seizure by NSW Infuriates Americans

American institutions are considering launching international arbitration proceedings against Australia because the government of former NSW premier Barry O’Farrell expropriated US assets worth $120 million. The US institutions, which had major shareholdings in listed mining company NuCoal Resources, were among the main losers last year when the O’Farrell government cancelled ...

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NuCoal Assets Expropriated by an Act of Parliament

  NuCoal had its major asset expropriated by an Act of Parliament in January 2014 after Operation Acacia. NuCoal doesn’t know, didn’t know and couldn’t have known if there was any corrupt activity associated with the grant of EL 7270. NuCoal deserves to be compensated for this loss. View the ...

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