Nathan Tinkler, former mining billionaire, has resigned as Managing Director and CEO of Australaian Pacific Coal, following a Federal Court of Australia judgment by Gleeson J in the matter of GE Commercial Australasia Pty Ltd v Tinkler  FCA 55.
The Federal Court judgement is a personal matter for Tinkler and removes his ability to perform his current role for Australian Pacific Coal. The judgment is unrelated to the services that he has carried out for the company since his appointment in October 2015.
The Board of Australian Pacific Coal has indicated Tinkler’s contribution to the company’s recent performance has been significant and it will do everything possible to ensure that this positive momentum continues. Tinkler will continue providing services in a technical advisory capacity to the company.
Edited from press release by Harleigh Hobbs