Tinkler liquidation rolls on

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From the AFR:

Struggling coal miner Nathan Tinkler is selling off his high-tech aeroplane hanger in Brisbane which he paid about $11 million for when business was booming.

The entrepreneur has been under increasing financial pressure since one of his creditors, US hedge fund Farallon Capital, seized half his prized stake in Whitehaven Coal.

The bulk of his $48 million property assets are now on the market, including prime land on Newcastle’s waterfront and a Queensland mansion.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.