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The latest update is out from NuCoal Resources Limited ( (AU:NCR) ).
NuCoal Resources Limited has expressed strong dissatisfaction with the NSW Premier’s decision not to establish a compensation scheme for losses related to the 2014 Mining Amendment Act, which revoked certain exploration licenses. The company plans to pursue compensation through domestic and international avenues, including the US Trade Representative under the Australia/US Free Trade Agreement, reflecting significant implications for its stakeholders and ongoing legal strategies.
More about NuCoal Resources Limited
NuCoal Resources Limited operates in the mining industry, focusing on resource exploration and development. The company’s primary operations involve coal exploration, particularly in the context of the Doyles Creek area and related licenses.
YTD Price Performance: 0.0%
Average Trading Volume: 28,599
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.84M
See more insights into NCR stock on TipRanks’ Stock Analysis page.