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  • O’Farrell apologises for Nucoal comments

    2018 - 07.03

    APOLOGETIC: Barry O’Farrell.Former premier Barry O’Farrell has apologised to directors of Green Hills-based mining company Nucoal over comments he made at last year’s community cabinet meeting in Maitland.
    Nanjing Night Net

    The company sued the premier after he told the public meeting that the Independent Commission Against Corruption had made adverse comments about directors of Nucoal.

    Mr O’Farrell, who was premier at the time, also said the directors had tried to distract the company’s shareholders from their responsibilities as directors.

    The government had stripped Nucoal of the exploration licence for Doyles Creek earlier that year amid Independent Commission Against Corruption investigations.

    Mr O’Farrell’s comments at the meeting came in response to a Nucoal shareholder who asked why there had been no talk ofcompensation for shareholders, given the government’s decision to stop the company from exploring the land.

    Mr O’Farrell said that all shareholder investment was speculative and therefore a risk.

    He came to the city with his cabinet ministers last February to take part in a public forum at Maitland Town Hall.

    Coalition members answered questions about a range of issues including health, transport, education and mining.

    Nucoal sued Mr O’Farrell for defamation after the meeting and the former premier issued a public apology to directors Gordon Galt, Glen Lewis, James Beecher and Michael Davis, which was made public on Tuesday.

    In a written statement published on the Australian Securities Exchange website, he said he regretted the comments and apologised to the directors.

    “I accept that ICAC did not make adverse comments about those current directors of Nucoal,” he wrote.

    “I did not intend to suggest that it had. I also accept that those directors were not attempting to distract shareholders from their responsibilities to them.”

    Mr O’Farrell has agreed to pay Nucoal’s legal costs.

    Nucoal is challenging the government’s cancellation of the Doyles Creek licence in the High Court.

    This story Administrator ready to work first appeared on Nanjing Night Net.

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