New Hope relies on high performing assets during tough times

NEW Hope Corporation’s coal assets in New South Wales and Queensland have put it in a good position to weather the downturn in coal prices induced by the COVID-19 pandemic, according to chairman Robert Millner.

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New Hope relies on high performing assets during tough times New Hope relies on high performing assets during tough times New Hope relies on high performing assets during tough times New Hope relies on high performing assets during tough times New Hope relies on high performing assets during tough times

New Hope's Bengalla open cut mine in NSW.

He said, in the company's annual report, that coal prices were resilient until March but fell about 33% or A$36 per tonne for the period from March to July driven by weakening demand and a weakening