Original article by Paul Garvey
The Australian – Page: 6 : 18-Nov-16
Nathan Tinkler and members of his family paid about $A6.6m for a 37 per cent stake in Australian Pacific Coal in 2015. Tinkler has advised that his family intends to divest its entire holding, which is now worth some $A40m, due to APC’s long delay in finalising a deal to acquire the Dartbrook coal project in the Hunter Valley. Tinkler has also rejected speculation that APC could be a potential buyer of Anglo American’s Drayton South project if it gains environmental approval.
AUSTRALIAN PACIFIC COAL LIMITED – ASX AQC, ANGLO AMERICAN PLC, BENTLEY RESOURCES PTE LTD, TREPANG SERVICES, NEW SOUTH WALES. PLANNING ASSESSMENT COMMISSION