Aust Business today (extract):
NEW HOPE IN TALKS OVER POTENTIAL CORONADO RESCUE
New Hope Corporation is believed to have held discussions with Coronado Global Resources about potential rescue options for the struggling coal miner as its future hangs in the balance.
New Hope is almost 40 per cent owned by Soul Patts and is one of the country’s largest steel and thermal coal producers with a $3.2bn market value and $317m net cash.
It is believed that the talks may centre on either a refinancing or an acquisition.
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