New Hope to pick up extra stake in Bengalla JV

NEW Hope has reached a binding commitment with Mitsui to purchase its 10% interest in the Bengalla Joint Venture for $215 million.

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New Hope to pick up extra stake in Bengalla JV New Hope to pick up extra stake in Bengalla JV New Hope to pick up extra stake in Bengalla JV New Hope to pick up extra stake in Bengalla JV New Hope to pick up extra stake in Bengalla JV

The Bengalla open cut mine in NSW.

New Hope's final interest in the Bengalla Joint Venture will be dependent on the actions of Taipower during the pre-emptive rights process for the Mitsui transaction.