After years of being put on hold, New Hope Corporation’s New Acland Stage 3 project is on the fast track to redevelopment.
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Coal prices pump up New Hope profits
New Hope Corporation has delivered a net profit before tax of $1.401 billion for the year ended July 31, following an exceptional financial and operational performance across the company.
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Government urged to stop stalling on New Acland Stage 3
The Queensland Resources Council (QRC) is calling on the State Government to stop stalling and declare New Acland Stage 3 a prescribed project.
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New Acland delays costing Queensland: QRC
The Queensland Resources Council (QRC) is calling on the State Government to finalise approvals for the New Acland Mine Stage 3 project, as coal prices surge on the back of Russia's invasion of the Ukraine.
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Court gives New Acland new hope
The Land Court of Queensland has recommended that New Hope’s New Acland coal mine be granted stage three mining leases subject to conditions.
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New Hope stays positive on coal demand
New Hope Group executives have epitomised the optimism flowing through Australia's coal industry, with production at the Bengalla mine in New South Wales underpinning such positivity.
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Coal price rise boosts New Hope
New Hope Group has flagged that the monthly average thermal coal price at its New South Wales operations have increased by 78 per cent since September 2020.
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New Hope invests in Bengalla to lift productivity
New Hope Group chief executive officer Reinhold Schmidt is expecting a stronger period ahead for the company, who experienced a decline in coal sales and production for the first half of the 2021 financial year.
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New Acland delay prompts calls for reform
New Hope Group's proposal for the stage three expansion of the New Acland coal mine in Queensland has received another setback with the High Court of Australia referring the case back to the Land Court of Queensland.
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A New Hope for New Acland
New Hope Group has received the final federal approval that it requires to move ahead with stage three of the New Acland coal project in Queensland.
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New Hope to resume New Acland negotiations
New Hope Group intends to re-enter negotiations with the re-elected Queensland Labor Government to secure a stage three approval for the New Acland coal mine in Queensland.
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New Hope to slash workforce amid stalled New Acland approval
New Hope Group has recommended its corporate workers take voluntary redundancies due to ongoing approval delays for the expansion of the New Acland coal mine in Queensland.
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New Hope promises hundreds of jobs with New Acland approval
New Hope Group forecasts that 500 jobs could be created, and a further 125 jobs saved, if the New Acland coal mine in Queensland finally wins a stage three approval.
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New Hope cuts mining activity at New Acland, expects further redundancies
New Hope Group has been forced to again reduce its mining activities at the New Acland mine in Queensland due to legal disputes regarding the project's stage three development.
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New Hope hires former Yancoal leader as CEO
New Hope Group has appointed a new chief executive, Reinhold Schmidt, who will transfer from the same position at Yancoal Australia in September.
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Government indecision leads to more New Hope redundancies
New Hope Group has been forced to make 14 per cent of its corporate workforce redundant due to the uncertainty surrounding the New Acland stage three project.
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New Hope refutes unlawful mining at New Acland
New Hope Group has denounced allegations that it has illegally mined $500 million of coal outside of the New Acland coal mine's approved area in Queensland.
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New Hope pushes for New Acland approval with jobs pledge
New Hope Group is ramping up job creation opportunities for the New Acland stage three (NAC03) coal mining project in a bid to persuade the Queensland Government to grant a long-awaited approval.
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New Hope registers steady revenue on the back of Bengalla
New Hope Group has reported solid earnings from its coal operations, driven mainly by increased production at the Bengalla mine in the Hunter Valley, New South Wales.
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New Hope still in limbo over New Acland expansion
New Hope Group is yet to receive the Queensland Government's approval for the New Acland stage 3 (NAC03) mining project after it was forced to cut jobs at the site.
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