Future of New Hope’s Acland mine expansion unclear

Original article by Mark Ludlow
The Australian Financial Review – Page: 20 : 11-Sep-19

The Queensland Court of Appeal has thrown out an appeal by the Oakey Coal Action Alliance to stop the $900 million third stage expansion of New Hope’s New Acland mine. The mine is due to close in 2020, but the proposed expansion would allow it to operate until 2031, as well as boosting yearly output from around 4.6 million tonnes to 7.6 million tonnes. However, despite the Court’s decision, the future of the expansion is still unclear, with the Court yet to make its final orders on the matter.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC, OAKEY COAL ACTION ALLIANCE, COURT OF APPEAL (QUEENSLAND)

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