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Bengalla and cost containment strategy boost New Hope's profits

NEW Hope Group's cost management initiatives and a strong production performance from its 40% owned Bengalla mine in New South Wales has helped it deliver a record interim profit.

Lou Caruana
New Hope's Acland coal mine in Queensland.

New Hope's Acland coal mine in Queensland.

  The Bengalla open cut mine produced 1.9 million tonnes for the half year, which was 12% higher than the comparable 2017 half, and more than compensated for the 4% drop in production at its New Acland...

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