Business

The last of Nathan Tinkler's stake in Whithaven Coal sold

FORMER billionaire magnate Nathan Tinkler no longer has any stake in junior miner Whitehaven Coal, but changes in ownership are likely to have little impact on Queensland plans.

On Wednesday June19, the last of Mr Tinkler's almost 19.4% stake in the coal firm was sold for about $600 million, of which 9.91% was snapped up by Farallon Capital Management making it the company's largest shareholder.

Whitehaven has three coal exploration areas in Queensland's Bowen Basin.

A spokeswoman for Whitehaven said the changes in owners made little difference to the plans of the company itself.

"The share register changes would have absolutely no impact on the exploration projects in Queensland," she said.

"It is business as usual."

After securing the deal, Farallon released a statement alongside Whitehaven's announcement to the ASX, to say it believed the share price of Whitehaven shares were so far undervalued.

"Farallon looks forward to growth in shareholder value over time," the statement said.

Topics:  bowen basin, coal, mining, nathan tinkler




Family tried to save home but lost it all

Steven and Peter Gregor and their burnt out shed where Steven lost everything he owned.

Caravan and shed destroyed in blaze

Did hoon cause three car collision?

Police investigating crash

Taylor Swift pose sparks Mt Walsh mountain rescue

Stevie Burscough talks about dramatic rescue

Latest deals and offers

Prince Harry regrets not talking about Diana's death

Diana, Princess of Wales, enjoys a ride on the Maid of Mist in Niagara Falls, Ont., in this Oct., 1991, with her sons Prince Harry, then 7, and Prince William, then 9.

The royal was 12 years old when his mother was killed

Oh Kim, be careful with the spray tan when breast feeding

Kim Kardashian West accidentally smothered North's face in fake tan

Michael Hutchence doco to show a life lived INXS

Michael Hutchence.

Michael Hutchence will live in tell-all feature-length documentary.

Sunshine Coast cooks to do battle for Masterchef crown

asterChef Australia finalists Matt Sinclair and Elena Duggan.

Noosa's Matt and Elena stay mates to the very end.

Matilda The Musical's clean sweep at Helpmann Awards

A scene from Matilda The Musical.

TIM Minchin-scored production enjoys record awards haul.

Harry's MasterChef exit makes way for all-Noosa grand final

Harry Foster congratulates MasterChef finalists Elena Duggan and Matt Sinclair after a closely-fought semi-final.

YOUNG Rocky-born cook now working in his dream job in Tasmania.

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

The climb is slow but property on the way up

Michael Matusik, director of Matusik Property Insights.Photo Allan Reinikka / The Morning Bulletin

The improvement would be mild when compared to past cycles