The Resources Regulator Lee Shearer revealed in a Budget Estimates hearing on September 1 that it is investigating whether Korean mining company KEPCO is fit and proper to hold a mining licence in New South Wales, after serious international fraud and corruption allegations against the company were made.
KEPCO is proposing to develop two open-cut coalmines in the beautiful Bylong Valley, about 55 km north-east of Mudgee in north-western NSW. The mine is expected to produce up to 6.5 million tonnes of coal a year for 25 years, commencing early next year.