The Supreme Court confirmed that NuCoal was innocent and that the Parliament of NSW was responsible for the expropriation of the Doyles Creek licence the High Court ruled that the state parliaments in Australia can pass laws which both expropriate and deny compensation and the Supreme Court ruled that based on the evidence before it that, in relation to NuCoal, the Independent Commission Against Corruption had done what was required of it under existing legislation in respect of Operation Acacia.

NuCoal has always maintained that it was innocent of any wrong doing and that its shareholders should not be penalised for a earlier decision by former NSW Minister for Resources and Energy Ian Macdonald to grant his union ally John Maitland the exploration licence for Doyles Creek.

NuCoal chairman Gordon Galt said in the company’s annual report that the decision to disband the Doyles Creek team was made to ensure it retains the financial capability to pursue its justice activities.

“I acknowledge publicly their efforts and the continuing contributions of directors and part time staff that remain,” he said.

“We still consider that justice can prevail and that the company and its shareholders can finally receive fair and equitable treatment.

“We believe that there is more information to come to light as time progresses and we will be there to make sure that our case is continually pressed in any and all available forums. The bottom line is that NuCoal has no intention of giving up on finally obtaining justice.”