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NuCoal’s Loss, Shareholders Lose, Australia Loses

In December 2009, NuCoal acquired all of the issued capital of Doyles Creek Mining Pty Ltd (DCM) for $94 million and thereby Exploration Licence 7270 (EL 7270). On 23 November 2011, the NSW Government announced that the Independent Commission Against Corruption (ICAC) would be tasked with undertaking an inquiry into ...

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ICAC – unfair, unjust and un-Australian

Having progress into the writing of my book about the NSW coal explorer NuCoal and the outrageous way in which it was stripped of a $360m coal project, I am fast reaching the conclusion that ICAC destroys far more than it can possibly create. It is renegade force without and ...

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NuCoal investor makes plea to NSW MPs

Sean Nicholls State Political Editor The plight of a shareholder who faces losing hundreds of thousands of dollars when a controversial coal licence is torn up by the NSW government will be raised in the Coalition party room before special legislation is introduced to Parliament. Newcastle MP Tim Owen will ...

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Mum and Dad Investors Appeal Compo Decision

NUCOAL shareholders, including Hunter-based “mum and dad” investors, have appealed to the state government to reconsider its decision not to compensate them as it prepares to strip their company of its exploration licence. Newcastle MP Tim Owen will raise the issue of compensation at a Coalition party room meeting ahead ...

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ICAC investigation Operation Acacia – Pending Government decision on Doyles Creek Mining

TO: The Hon Barry O’Farrell MP Premier of New South Wales Minister for Western Sydney Level 40, Governor Macquarie Tower 1, Farrer Place SYDNEY NSW 2000, Australia Dear Premier, we are writing to you on behalf of the Crocodile Capital Fund, who is a substantial investor in NuCoal Resources Ltd, “NuCoal”, ...

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