Get all your news in one place.
100's of premium titles.
One app.
Start reading
Newcastle Herald
Newcastle Herald
Business
Ian Kirkwood

Nathan Tinkler circling Dartbrook underground mine as its debt-laden owner considers a sale

THE former billionaire and discharged bankrupt Nathan Tinkler is attempting to regain control of the Dartbrook underground coal project at Aberdeen, owned by the stock exchange listed Australian Pacific Coal.

On Monday, AQC (the company's stock exchange "ticker") announced it had received a non-binding takeover bid from Mr Tinkler, who proposed buying 20 per cent of the company for $3.78 million, refinancing its debt and interest (put at $65 million in company documents) and launching a takeover bid for the entire company at up to 30 cents a share.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.