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Mining Magnate Shelves $5.5B Buyout Bid For Aussie Coal Co.

By Karlee Weinmann (August 24, 2012, 4:19 PM EDT) -- Australian mining tycoon Nathan Tinkler has yanked his AU$5.3 billion (US$5.5 billion) bid for Whitehaven Coal Ltd., Whitehaven confirmed Friday, just days after Australia's resource minister declared the end of the country's mining boom....

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