MANAGEMENT

New Hope ups Malabar investment

NEW Hope Corporation has committed to take up to $105 million of an institutional placement equity raising launched by its 15%-owned Malabar Resources.

The ventilation fan and mine entry conveyor installation progressed during the second quarter.

The ventilation fan and mine entry conveyor installation progressed during the second quarter.

Malabar will use the equity raise proceeds to accelerate the development of the Maxwell project in New South Wales by doubling the length of the planned longwall to 300m. The Malabar equity raise represents...

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