'Diamond' Joe Gutnick's decision to declare himself bankruptFAIRFAX MEDIA Once an Aussie rich-lister, mining magnate Joseph Gutnick has filed for bankruptcy. JESSE MARLOW The bankruptcy is the latest chapter in Joe Gutnick's colourful career. Mining magnate "Diamond" Joe Gutnick was once ranked among the wealthiest men in the country, with a fortune totalling more than $314 million (A$300m). NICOLAS WALKER Joe Gutnick: ''There have been many ups and downs ...''IFFCO is Gutnick's former partner in the Legend phosphate mining project in northern Australia. As revealed in October, the legal battle centred on a deal for Gutnick's company Legend International Holdings to supply phosphate to IFFCO.

Source: Stuff July 13, 2016 05:00 UTC