Ian and Robyn Moore
NUCOAL has today called a trading halt, pending a further announcement from the company, following an announcement from the NSW State government asking it to suspend its activites.
The request was called pending investigation by the Independent Commission Against Corruption (ICAC).
Coal Exploration Licence 7270 was granted to Doyle’s Creek Mining Pty Ltd on 15 December 2008. Doyle’s Creek Mining has since been purchased by NuCoal.
The award of the coal exploration licence by former Mineral Resources Minister, Ian Macdonald was formally referred to ICAC last week by a resolution of NSW Parliament following an independent review finding that there had been “a circumstantial case of wrongdoing and a breach of public trust.”
Minister for Resources and Energy, Chris Hartcher has written to NuCoal said there was considerable interest and concern in the community related to the granting of the licence and the company’s exploration activities.
The Land
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