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Felix founders named in Mt Penny inquiry

TRAVERS Duncan – the joint founder of Felix Resources, sold to Chinese giant Yancoal for $A3.5 billion in 2009 – influenced former New South Wales resources minister Ian Macdonald to reopen a tender process for the Mt Penny coal project, the state’s watchdog has heard.

Lau Caruana
Felix founders named in Mt Penny inquiry

Cascade Coal – a company formed by Duncan and fellow Felix founder Brian Flannery – went on to win the licence, which was on land owned by interests associated with Labor party power broker Eddie Obeid,...

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