Tinkler to return to court next week

Mining magnate Nathan Tinkler will return to court next week in his dispute with coal explorer Blackwood Corporation over a $28.4 million debt.

Blackwood is suing Mr Tinkler's Mulsanne Resources after his company agreed to buy a 33.85 per cent stake in the coal mining company but has not yet done so.

Blackwood shareholders approved the share placement on July 12 and the payment was originally expected within a week. Blackwood in August agreed to extend the payment date to August 13.

Lawyers for Blackwood and Mulsanne on Tuesday appeared in NSW Supreme Court for directions on the matter and asked for an adjournment.

Senior Deputy Registrar Rebel Kenna adjourned the case to November 14.

Blackwood Corporation, which has been sweating on the money to fund drilling of its coal tenements in Queensland, in September said it was seeking to appoint liquidators to Mulsanne Resources to recover $28.4 million.

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