Wednesday will be a big day for the New South Wales Mining industry and Nucoal Resources

John Robertson

PortfolioDirect

Wednesday will be a big day for the New South Wales Mining industry and Nucoal Resources. The state's ICAC plans to release its recommendations about what action should be taken by the NSW government to amend the Mining Act and whether the government should commence legal proceedings against any company or individual caught up in the allocation of exploration licences by corrupt former mines minister Ian Macdonald. Nucoal is the listed company with most to gain or lose from the report immediately. In the longer term, the NSW government could trash the state's reputation as an investment destination if it simply pulls the Nucoal license to demonstrate how tough it is prepared to be in tackling public corruption, at least of the Labor Party variety, in the state.


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John Robertson
John Robertson
PortfolioDirect

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

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