New Hope takes WICET to court over claim

NEW HOPE Coal yesterday started proceedings against the Wiggins Island Coal Export Terminal in the Supreme Court of New South Wales, seeking a declaration that the company was not bound by the Deed of Cross Guarantee Agreement to guarantee the debts of subsidiaries Northern Energy Corporation and Colton Coal.

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New Hope takes WICET to court over claim  New Hope takes WICET to court over claim  New Hope takes WICET to court over claim  New Hope takes WICET to court over claim  New Hope takes WICET to court over claim
Last October New Hope Coal appointed Said Jahani and Shaun McKinnon of Grant Thornton as voluntary administrators of Northern Energy Corporation and Colton Coal.