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Tinkler steps aside as APC boss

Mining personality Nathan Tinkler has resigned as MD and CEO of ASX-listed Australian Pacific Coal (APC) after he was declared bankrupt by the Federal Court.

The Federal Court judgment related to a dispute over money owed from the 2013 sale of a luxury jet, with court documents indicating that Tinkler owed GE Commercial Australasia some A$2.8-million.