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New Hope Coal puts administrators into Colton

TWO of New Hope Coal’s subsidiaries – Northern Energy Corporation and Colton Coal – have appointed Said Jahani and Shaun McKinnon of Grant Thornton as voluntary administrators.

Noel Dyson
Changes to charges at WICET damaged the Colton business case.

Changes to charges at WICET damaged the Colton business case.

The subsidiaries own the Colton coking coal project. In September New Hope announced it would fully impair the carrying value of the Colton exploration project assets. The company also recognised...

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