That miner is Queensland-based New Hope, which operates a number of projects along Australia’s east coast.
The company actually lifted profitability over the last 12 months.
COAL has had a tough time of it in the past few years. Commodity prices are down, and opposition to some projects is on the rise. But amongst all the doom and gloom one miner is making things work.
Production from New Hope's 80% owned Bengalla open cut mine in NSW was down 7.8% to 2.3Mt.