Tinkler back in coal with $150m buy

Former coal magnate secures $150m deal to acquire Wilkie Creek mine in Queensland.

Former coal magnate Nathan Tinkler is back in the resources game in a $150 million deal to buy a Queensland coal asset.

Mr Tinkler, with the backing of US-based investment bank Jefferies Group, a subsidiary of Leucadia National Corp, told The Australian from his Singapore base last night he had purchased Peabody Energy’s Wilkie Creek thermal coalmine.

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