Whitehaven Coal wins vote in tussle with Tinkler

Shareholders of Whitehaven Coal voted on Thursday to keep the company’s board intact, refusing to join a drive by tycoon Nathan Tinkler to oust the chairman and independent directors at Australia’s largest independent coal miner.

The battle reflects broader pressures in the Australian mining industry as it tries to deal with a drop-off in demand from major export market China after a decade-long boom.

via Business feed http://www.scmp.com/business/companies/article/1074246/whitehaven-coal-wins-vote-tussle-tinkler