NHC new hope corporation limited

News: NHC New Hope Corporation Says Unit Has Acquired A 15% Interest In Malabar Resources Limited

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    Aug 3 (Reuters) - New Hope Corporation Ltd (NHC) :

    • UNIT HAS ACQUIRED A 15% INTEREST IN MALABAR RESOURCES LIMITED FOR A TOTAL INVESTMENT OF A$94.4 MILLION
    • WET WEATHER EVENTS IMPACTS HAVE BEEN PARTIALLY OFFSET BY FURTHER STRENGTHENING OF COAL PRICE
    • ELECTED TO TERMINATE UNDRAWN DEBT FACILITY PRIOR TO ITS MATURITY IN NOVEMBER 2023
    • SEES THERMAL COAL PRICING TO REMAIN AT HISTORICALLY HIGH LEVELS FOR SHORT TO MEDIUM TERM
    • NEW SOUTH WALES GOVERNMENT HAS GRANTED BENGALLA MINING COMPANY AN EXPLORATION LICENCE
    • BENGALLA OPERATIONS BEEN ABLE TO SELL MORE COAL INTO DOMESTIC MARKET IN ADDITION TO EXISTING CONTRACTED DOMESTIC SUPPLY
    • PRODUCTION AT BENGALLA PLANNED TO INCREASE FROM 12.6MTPA TO 13.4MTPA OVER NEXT TWO YEARS
    • BENGALLA'S MINING OPERATIONS APPROVED TO PRODUCE UP TO 15.0MTPA ROM COAL UNTIL 2039
 
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Last
$3.74
Change
-0.010(0.27%)
Mkt cap ! $3.161B
Open High Low Value Volume
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