Billionaire Czech businessman Pavel Tykac’s out-of-the-money bid to take control of ASX-listed coal miner Coronado Global Resources has collapsed after his family office, Sev.en Global Investments, failed to secure Foreign Investment Review Board approval in time.

The Queensland and US coking coal producer is trading at a 30 per cent discount to when Sev.en agreed to the $1.5 billion deal on September 26.