New Hope Corp Ltd
Company Profile
Business description
New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should sell around 13 million metric tons of thermal coal annually from fiscal 2029, up from around 11.8 million in fiscal 2026, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope’s production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 26% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.
Contact
175 Eagle Street
Level 18
BrisbaneQLD4000
AUST: +61 734180500
Sector
Energy
Stock type
Sensitive
Industry
Thermal Coal
Fiscal Year End
Employees
1,339
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