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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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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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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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ICAC: Cascade Coal director McGuigan pans ‘totally unfair’ processes

  Cascade Coal director John McGuigan has slammed the process that led to the company being stripped of its mining licences, saying a report on the NSW Independent Commission Against Corruption this week demonstrated the “totally unfair nature” of its treatment. Mr McGuigan, a former executive chairman of global law ...

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Mike Baird’s ICAC reform: painful process of restoring state’s standing begins

Mike Baird’s decision to reform his anticorruption commission is just the beginning. It means the NSW Premier has started the painful process of restoring his state’s standing as a bastion of the rule of law. The Independent Commission Against Corruption will continue to have an important role. But the reform ...

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‘Freedoms’ inquiry focus on property rights

  The Australian Law Reform Commission’s inquiry into traditional freedoms is set to gain a stronger focus on the protection of property rights after the appointment of Queensland academic Suri Ratnapala to a key role. His appointment as a parttime member to help with the “freedoms” inquiry comes amid growing ...

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Unjust mining act should be repealed

Last month David Ipp sent a statement to The Australian about his December 2013 report on Operation Acacia – an unusual step indeed for a former commissioner of the NSW Independent Commission Against Corruption, who is also a former judge. The statement commented on matters that my company, NuCoal Resources ...

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