New Hope to boost Acland recovery

QUEENSLAND coal producer New Hope aims to ramp up its exports since rail services to its key Acland mine returned as scheduled on March 28.
New Hope to boost Acland recovery New Hope to boost Acland recovery New Hope to boost Acland recovery New Hope to boost Acland recovery New Hope to boost Acland recovery

The new Queensland Government needs to develop supply construction strategies for materials following recent disasters, said CCAA

Blair Price

“The company is working closely with Queensland Rail in an effort to secure access to additional short-term capacity above contractual levels in order to minimise the financial impact of the recent outage,” the company said.

New Hope prepared for the resumption of rail by building up its product, run-of-mine inventories and overburden removal in advance.

With Xstrata’s Rolleston rail link also recently repaired, rail has been restored to all of the mines affected in that regard by the devastating wet season.

New Hope shares are unchanged at $5.07 this morning.

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