NuCoal Resources Ltd (ASX:NCR) Criticises NSW Premier’s Stance on Compensation
Regulatory Response
NuCoal Resources Ltd (ASX:NCR) criticised the NSW Premier Chris Minns for rejecting compensation related to the Mining Amendment (ICAC Jasper and Acacia) Act 2014, which cancelled exploration Licence 7270 at Doyles Creek.
Future Actions
The Board of NuCoal found the Premier’s position “completely unacceptable” and intends to seek compensation domestically and internationally under the Australia/US Free Trade Agreement. The Company is preparing a detailed response for the Premier and NSW parliamentary members.
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