New Hope remains steady

AUSTRALIAN coal producer New Hope recorded steady output of 1.53 million ROM tonnes for the quarter ending December 31, 2006, with its flagship Acland mine accounting for 74% of total production.

Angie Tomlinson

Saleable coal production from New Hope’s Acland, Jeebropilly and Oakleigh mines was 1.82Mt.

Coal sold increased by 23% to 2.035Mt, reflecting advanced shipping timing and additional sales from coal stocks. Coal sales were split 67% export and 33% domestic.

New Hope said coal sales over the second half of the financial year would be lower than the first six months.

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