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Company News Summary

New Hope Corporation Provides Quarterly Activities Report

28 Feb 2022  |  13:10:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report

New Hope Corporation advised the Company reported underlying EBITDA of A$310m for the quarter following additional growth of coal prices, and year-to-date underlying EBITDA of A$552m. The Company reported that Land Court of Qld recommended that the New Acland Stage 3 Mining Leases and Environmental Authority amendment application be granted, subject to conditions. Thermal coal prices continue to trend higher, closing January 2022 at US$248.64 (gC NEWC (6000 NCV)) reflecting a 12% increase against the previous quarter.

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