Paddy Manning

Paddy Manning is a business reporter, focused on energy, food and agriculture. He was formerly BusinessDay's national chief of staff, has worked for the Australian Financial Review and The Australian, and was founding editor of Ethical Investor magazine.

Resources

Council studies value-adding

Paddy Manning Australia is too reliant on the resources industry, according to Wesfarmers chairman Bob Every, who is heading a Business Council panel on the decline of value-adding and manufacturing.

Resource

Xstrata, Rio shed jobs in coal divisions

Paddy Manning Mining company Xstrata will shed about 100 head office jobs in its coal division as the industry continues to suffer from weak prices, rising costs and the high dollar.

Coal mining

New Hope targets $45m in cost savings as high dollar, coal price slump hits profits

Paddy Manning Coal miner New Hope Corporation, which unveiled a 32 per cent drop in its first half net profit to $69 million on Tuesday, is targetting $45 million in annualised cost savings without shedding jobs.

Email highlights Tinkler's plight

Paddy Manning An email from Nathan Tinkler's phone to his main banker last September showed how much pressure the coal baron was coming under, as lawyers for Blackwood Corp moved to wind up his shelf company...

Magnates

Tinkler family sitting on $1.4bn

Rick Feneley and Paddy Manning Embattled coal baron Nathan Tinkler has declared his family trust is worth $1.4 billion, but he admits he is ''asset rich, cash poor''.

Tinkler Group debts 'around $500m'

Paddy Manning Pressed for the first time about his broader financial position, coal baron Nathan Tinkler has told the NSW Supreme Court that his group’s debts are "probably around $500 million”.

Tinkler says his backers let him down

Paddy Manning Confounding expectations, coal baron Nathan Tinkler turned up to face a grilling by lawyers for the liquidators winding up his shelf company Mulsanne Resources, and pointed the finger of blame at...

Big plans were laid for Blackwood

Paddy Manning The failure of a $28.4 million placement by Blackwood to Mulsanne, leading to the wind-up subject of Thursday's court proceedings, had seemed much ado about nothing.

Courts

Tinkler says backers let him down

Paddy Manning Coal baron Nathan Tinkler turned up to face a court grilling on Thursday and pointed the finger of blame at his backers the Noble Group.

Mulsanne

Tinkler grilled over failed Blackwood deal

Paddy Manning Nathan Tinkler has put the blame for the collapse of his planned share investment in Blackwood on commodities trader Noble Group.

I've 'complied with everything'

Paddy Manning Embattled mining magnate Nathan Tinkler enters the NSW Supreme Court to answer questions about a $28.4 million debt owed to Blackwood Corporation.

Tinkler appears in court for grilling

Paddy Manning Nathan Tinkler is facing a public grilling for the first time over the state of his finances, as creditors seek to recover millions of dollars in unpaid debts.

Court

Tinkler due to appear in court

Paddy Manning Warrant for the arrest of Nathan Tinkler will be issued in the NSW Supreme Court on Thursday if he fails to appear for a public examination by the liquidator of his private entity, Mulsanne Resources.

Buffer zones force stop to north coast gas project

Sean Nicholls, Paddy Manning The coal seam gas company Metgasco has put a major development on hold in northern NSW in response to the state government's decision to introduce ''buffer zones'' around residential areas and ban...

Metgaso suspends CSG operation in NSW

Paddy Manning Junior coal seam gas company Metgaso has temporarily suspended its exploration of the Clarence Moreton Basin in northern NSW.

CSG

Metgasco puts development on hold

Sean Nicholls and Paddy Manning The coal seam gas company Metgasco has put a major development on hold in northern NSW in response to the state government's decision to introduce "buffer zones" around residential areas and ban...

Legal move

Tinkler ordered to appear in court

Paddy Manning Nathan Tinkler has failed in an attempt to prevent a liquidators' examination of him.

Coal

Single rail deal to Galilee Basin

Paddy Manning and Amy Remeikis A single rail solution is emerging to get coal from Queensland's Galilee Basin to port.

Mining

Pressure building over fracking sites

Paddy Manning The boom in fracking has blanketed vast tracts of the country in oil and gas exploration permits, creating uncertainty for landholders who often do not know if or when their property will be subject...