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Nathan Tinkler among potential buyers for Dawson mine

IN THE MIX: Nathan Tinkler is reportedly one of several potential buyers for Anglo American's Dawson Mine.
IN THE MIX: Nathan Tinkler is reportedly one of several potential buyers for Anglo American's Dawson Mine. Contributed

CONTROVERSIAL mining magnate Nathan Tinkler is among the interested parties looking to buy Anglo American's Dawson mine.

The Australian Financial Review reported earlier this month that early bids have been made for the mine, with final bids to be submitted once potential buyers have visited the Dawson site.

Mr Tinkler, who was ruled bankrupt in February and had to step down from his management and board positions at Australian Pacific Coal, is reported to be among those who will visit Dawson, though it is unclear what role he would play if companies associated with him were to buy the mine.

Australian Pacific Coal previously purchased the Dartbrook mine from Anglo American last December when Mr Tinkler was chief executive.

The Financial Review also named Stanmore Coal as a potential buyer for Dawson, as well as an unspecified Indian group.

Dawson is one of the largest coal mines in the region, producing between 4 and 9 million tonnes of coking, soft coking and thermal coal per year and boasting run of mine reserves of approximately 121Mt as of 2014, with 354Mt of minable in situ resources outside of the current mine layout.

It is also a major employer for the nearby towns of Moura, Banana, Biloela, Wowan and Theodore.

The sale is expected to go through before Christmas.

Topics:  anglo american coal mining dawson mine moura nathan tinkler


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