Mining

Below is a link to the Shareholder Update released to the ASX on 19 April 2018 by NuCoal Resources Ltd. 2018.04.19 Shareholder Update Gordon Galt, Chairman of NuCoal Resources Ltd has provided the following additional comments in response to the reply from Premier Berejiklian: “Despite formal correspondence and numerous requests ...

The NSW government’s anti-corruption agency faces accu­sations of misleading parliament after evidence emerged showing it had failed to disclose that one of its most important reports ­relied on evidence from a brain-­damaged witness who had ­amnesia. The witness, investment banker Paul Gardner Brook, has a cognitive impairment after a frontal lobe ...

OPERATION ACACIA AND NUCOAL The Hon. Dr PETER PHELPS (18:05): In the past few weeks I have been looking at Operation Acacia, the NuCoal expropriation and the Independent Commission Against Corruption [ICAC]. I want to bring it all together in one final five-minute speech and look at the evidence I have adduced. ...

This week’s exoneration of businessman Craig Ransley has provided a very important lesson for the NSW government and that state’s media, if they are willing to learn. Five years ago, a NSW government agency conducted an inquiry that, unlike the courts, was not at arm’s length from the government and ...

Personal explanation: OPERATION ACACIA The Hon. Dr PETER PHELPS ( 15:08 ): By leave: On 14 February in this place I made a speech in relation to Mr Ian Macdonald, the granting of the Doyles Creek exploration licence and what I saw as the malfeasance of the Independent Commission Against Corruption in relation to ...

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 ...

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 ...

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 ...

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 ...