New Hope Corporation Ltd (ASX:NHC)
Share Price & News Energy

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Analyst Recommendation


New Hope mines thermal coal primarily from Acland in Queensland. Group production of about 6 million tonnes a year is almost exclusively sold into the export market via a 100% owned port in Brisbane. Production expansion, from 6 million tonnes to 7.5 million tonnes, is likely to be delayed given cyclically high capital costs and lower coal prices. The balance sheet is immaculate with net cash sufficient to drive further investment in energy.