Feb 10 Former Australian coal baron
Nathan Tinkler on Wednesday resigned as chief executive of Anglo
Pacific Coal Ltd after losing a legal battle over money
he owed from the sale of a luxury jet and being declared
bankrupt.
Tinkler – who rode the mining boom to become Australia’s
youngest billionaire before losing it all when coal prices
collapsed – in October was appointed chief executive of
Australian Pacific Coal, which has agreed to acquire the
majority of a coal mine from Anglo American.
The bankruptcy was declared in Australia’s Federal Court on
Tuesday and stems from a complaint from GE Commercial
Australasia Pty, which claimed he owed $2.25 million on a
Dassault Falcon 900C he once owned.
Tinkler, who resides in …
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