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



10 best street art spots to take an Insta selfie

IF YOU are in need of a few trendy new Instagram snaps, then get your phone and selfie-stick ready and head to Brisbane.

Theatre royalty graces Brisbane stage

Don't miss Charles Edwards in this incredible theatre performance.

WHEN acting royalty comes to town, you sit up and take notice.

Don’t go chasing waterfalls…find them on these drives!

The Scenic Rim is just one place nearby that you'll love.

BRISBANE isn’t all bright lights and city slickers.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

February full of crime in Bundaberg

Police are currently investigating a number of wilful damage offences in Bundaberg.

Wilful damage reports for the month

Murder victim's father disgusted by TV segment

NOT HUMAN: A promotional shot being used by A Current Affair.

Father of murdered woman outraged

Bundy's got a new distillery

SPIRIT SHINES: The team behind Bundaberg's newest distillery and brewery, Rick Prosser (spirits), Michael Nash (sales/marketing) and Paul Mark (beer/cider).

Kalki Moon set to rise

Local Partners

The true cause of the Oscars bungle

THE Oscars have ended with a moment that left everyone speechless — but not in a way anyone expected.

HUGE OSCARS FAIL: Wrong film handed Best Picture award

Presenter Warren Beatty shows the envelope with the actual winner for best picture as host Jimmy Kimmel, left, looks on at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles. The winner was originally announced as La La Land, but was later corrected to Moonlight.

IN A monumental stuff-up, La La Land incorrectly named Best Picture.

Blue Heelers' Ditch Davey joins 800 Words cast

Ditch Davey joins the cast of 800 Words as Terry, the younger brother of George, played by Erik Thomson.

George Turner's brother, Terry, arrives to Weld with a 'few demons'

Oscars winners 2017: Full list of Academy Award winners

Viola Davis accepts the award for best actress in a supporting role for Fences at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles.

WHO won Oscars this year? Here’s a full list of every winner.

Why can’t Nicole Kidman clap properly?

Nicole Kidman's style of clapping has puzzled Oscars viewers.

FOR some reason, it seems Nicole doesn’t really know how to clap.

Muslim actor makes Oscars history

Mahershala Ali accepts the award for best actor in a supporting role for Moonlight at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles.

MOONLIGHT star Mahershala Ali makes Academy Award history.

NO ONE OFF LIMITS: Kimmel burns down the house at Oscars

Host Jimmy Kimmel speaks at the Oscars on Sunday, Feb. 26, 2017, at the Dolby Theatre in Los Angeles.

HOST delivers a torrent of abuse on Hollywood’s night of nights.

Mining homes dive: $600k homes sell for $120k-$300k

18 Yeates Street, Moranbah sold for $135,000 in December, after being repossessed by a bank. The owners bought for $545,000 in August, 2011.

The economy still has two speeds, but with a painful twist

Growing optimism in realty markets

Work on the gas pipeline at the Bundaberg Port.

Market shifting from buyers' market to vendor

Mackay's property market climbing like a Rocket Man

Renewed confidence in Mackay means more homes are being snapped up by those eager to plant their roots in the region.

There's movement in the real estate sector and it's all positive.

'Why we drove 800km to buy a treehouse with a disco ball'

The new owners have planned a few updates, but will stick with much of the original design.

A couple travelled almost 800km for the home of their dreams.

The trick homeowners are using to buy more properties

Chantelle Subritzky leaves her home each week for Airbnb guests.

Queenslanders are going down this path to help pay their mortgages

Ready to SELL your property?

Post Your Ad Here!