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Falling commodity prices hit mining millionaires

Posted on 21 June 2013

Falling commodity prices have knocked some of Australia’s once high-flying mining millionaires off their perch with the latest confirmed casualty being coal investor, Nathan Tinkler, while another, Clive Palmer, is coming under close scrutiny.
Tinkler’s crisis came to a head this week when bankers to his group of companies took possession of a 20% stake he held in Whitehaven Coal, one of Australia’s biggest stock-exchange listed miners………………………………………..Full Article: Source

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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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