Shares in Metgasco have been put in a trading halt after the NSW government suspended the coal miner's licence for a controversial coal seam gas site at Bentley.
The government says Metgasco has not fulfilled a condition of its exploration licence for the site, near Lismore on NSW's north coast.
And it has referred Metgasco to the Independent Commission Against Corruption (ICAC) after receiving information about shareholdings and interests.
In a brief statement to the Australian Stock Exchange on Thursday, Metgasco said it was seeking clarification about its licence from the government.
The Bentley mine project has attracted fierce opposition from locals.
Resources and Energy Minister Anthony Roberts said Metgasco had not fulfilled a condition of its exploration licence, namely to undertake genuine and effective consultation with the community as required.
He said the suspension would be in place until Metgasco proved it had met the conditions.
Metgasco shares last traded at 8.8 cents.
Share
