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SYDNEY/SINGAPORE Nathan Tinkler became Australia’s youngest billionaire with a well-timed investment in mining. But as China’s slowing economic growth cuts demand for iron ore and coal, Tinkler’s rise from obscure electrician to mining magnate, sports club owner and champion of a rejuvenated Australian industrial town could be unraveling. Creditors are circling Tinkler, 36, who turned a A$ 1 million bet on an Australian coal deposit into a billion dollar fortune. At least three companies within his stable of some 50 firms are being sued for about A$ 200 million ($ 205.5 million) in total, including for missed payments, according to […]

SYDNEY/SINGAPORE Nathan Tinkler became Australia’s youngest billionaire with a well-timed investment in mining. But as China’s slowing economic growth cuts demand for iron ore and coal, Tinkler’s rise from obscure electrician to mining magnate, sports club owner and champion of a rejuvenated Australian industrial town could be unraveling. Creditors are circling Tinkler, 36, who turned a A$ 1 million bet on an Australian coal deposit into a billion dollar fortune. At least three companies within his stable of some 50 firms are being sued for about A$ 200 million ($ 205.5 million) in total, including for missed payments, according to […]

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