Mining magnate Latimore wins auction for Gupta’s prized coal business (opens original article in a new tab)

M Resources, led by Matt Latimore, has acquired Tahmoor coal operations from Sanjeev Gupta's struggling empire and plans to restart the shuttered facility.

• M Resources, owned by Matt Latimore and GEAR, won auction for Tahmoor coal operations
• Tahmoor operations were shut since February due to financial issues at Sanjeev Gupta's empire
• Consortium will start work to restart operations immediately