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Tag Archives: Coal

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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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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