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Tag Archives: Doyles Creek

Joel Fitzgibbon backs shareholders who lost money in NuCoal case

Federal Labor’s Joel Fitzgibbon made a brief but very important intervention in the NuCoal affair this week that highlights the unjust treatment of that company’s shareholders. When the NSW Coalition government accepted ICAC’s recommendation and expropriated NuCoal’s exploration licence in 2014 it rejected an associated call for innocent parties to ...

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ICAC’s secret government talks

The NSW Independent Commission Against Corruption has been authorised by law to engage in undisclosed communications with the state government during the course of its inquiries, according to a draft report to state parliament. The draft report, which has been prepared by ICAC Inspector Bruce McClintock SC, rejects accusations of ...

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Speech in the Federation Chamber by Joel Fitzgibbon (27/02/18)

Mr FITZGIBBON (Hunter) (16:06): I rise today in support of the 500 people in my electorate who had shares in the listed company NuCoal. People will be surprised by me raising the issue of NuCoal, because members would know NuCoal bought a mining lease in my electorate from a now discredited ...

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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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ICAC delivers a classic Clouseau in NuCoal case

  Inspector Clouseau can be proud of the NSW Independent Commission Against Corruption. Under the leadership of former Commissioner David Ipp, this agency conducted an inquiry into the grant of a coal exploration licence at Doyles Creek that is right out of Clouseau’s playbook. Evidence of critical importance was simply ...

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ICAC Prosecution Briefs with DPP in relation to Operation Acacia

The Commission is of the opinion that consideration should be given to obtaining the advice of the DPP with respect to the prosecution of Ian Macdonald, John Maitland, Craig Ransley and Andrew Poole for various offences as follows – Ian Macdonald, for the common law offence of misconduct in public ...

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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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