Delays imperil 300 mining jobs

Original article by Paul Garvey
The Australian – Page: 22 : 20-Mar-19

New Hope Corporation has posted a 2018-19 interim net profit of $159.8m, which is 33 per cent higher than previously. The result was boosted by its increased stake in the Bengalla coal mine in New South Wales. Meanwhile, MD Shane Stephan has warned that the company will have to retrench workers at its New Acland mine in Queensland if it does not gain approval for its third-stage expansion by the September quarter. New Acland boasts 300 direct employees and 500 contractors.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC, MORGANS FINANCIAL LIMITED

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