NuCoal had its major asset expropriated by an Act of Parliament in January 2014 after Operation Acacia. NuCoal deserves to be compensated for this loss. View the presentation and listen to the NuCoal Story. http://tinyurl.com/p2je8ne
Read More »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 ...
Read More »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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