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New Hope mines thermal coal primarily from Acland in Queensland. Group production of about 6 million tonnes a year is almost exclusively sold into the export market via a 100% owned port in Brisbane. Production expansion, from 6 million tonnes to 7.5 million tonnes, is likely to be delayed given cyclically high capital costs and lower coal prices. The balance sheet is immaculate with net cash sufficient to drive further investment in energy.
Level 16, 175 Eagle St, Brisbane, QLD, 4000
Phone: +61 7 3418 0500
Email: [email protected]
Website: www.newhopegroup.com.au
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