Tinkler’s Holding Company Pays Creditor Hours Before Hearing

Reuters reported that financially troubled coal mining baron Nathan Tinkler’s holding company paid a creditor A$160,000 ($165,500) on Thursday, in an attempt to avoid a winding up claim, just hours before a hearing.

As quoted in the market report:

His financial troubles have raised questions over the future of his near one-fifth stake in Australia’s largest independent coal miner Whitehaven Coal Ltd.

To view the whole Reuters report, click here.