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The ACCC has granted authorisation for Vintage Energy Ltd, Metgasco Ltd and Bridgeport Pty Ltd, a wholly owned subsidiary of New Hope Corporation Limited, to enter into joint gas marketing. | May 26, 2023
Coal miner New Hope Corporation has posted solid results for the quarter ended April, with underlying earnings before interest, tax, depreciation and amortisation up by 14.8% on the previous quarter, to A$448.1-million.
New Hope this week reported that run-of-mine coal production for the quarter was up by 27% on the quarter ended January, to 2.6-million tonnes, with saleable coal production up 32% to just over 2-million tonnes, as the Bengalla operation, in New South Wales, increased production.
Coal miner New Hope Corporation is facing yet another legal challenge to its New Acland Mine Stage 3, with environmental group Oakey Coal Action Alliance (OCAA) having launched a challenge.
The OCAA is challenging the Queensland government’s grant of an associated water license in the Land Court, and is seeking undertakings that New Acland Coal cease carrying out operations, including the mining of coal, pending the outcome of the appeal.
New Hope Co. Limited (ASX:NHC – Get Rating) insider Lucia Stocker acquired 9,500 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was acquired at an average cost of A$5.23 ($3.51) per share, for a total transaction of A$49,685.00 ($33,345.64). New Hope Price Performance The company has a […]
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the volatility seen in the previous session.