Then there’s TerraCom itself, which in August was fighting ASIC’s attempt to inspect a PwC report on which it claims professional legal privilege. This is part of the regulator’s investigation into claims TerraCom was having its coal test results faked through Brisbane-based lab giant ALS.
Then-chairman Wal King (the ex-Leighton boss) has denied all knowledge of the alleged fakery, which a former commercial manager at TerraCom claimed served to inflate the quality of its mined coal.
