Wilkie Creek News

Fallen Australian Tycoon Tinkler Attempts Comeback In Coal

The coal price slump that brought Australian tycoon Nathan Tinkler down last year has also sown the seeds for his comeback, with the former electrician snapping up a closed coal mine from Peabody Energy for next to nothing. Tinkler's Singapore-based firm Bentley Resources agreed to buy the Wilkie Creek mine from Peabody for $70 million in cash, plus the assumption of $60 million in various obligations and liabilities…