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New Hope Corporation Limited ( (AU:NHC) ) has provided an update.
New Hope Corporation Limited announced that its subsidiary, New Acland Coal Pty Ltd, and the Oakey Coal Action Alliance have agreed to discontinue legal challenges against the New Acland Stage 3 project. This resolution, pending formalization, allows New Acland to progress its operational ramp-up plan, ensuring job security for approximately 400 full-time roles and significant economic benefits for the region.
More about New Hope Corporation Limited
New Hope Corporation Limited operates in the energy sector, primarily focusing on coal mining and production. The company provides essential energy products to both domestic markets and trading partners in Asia, with significant contributions to the local economy, particularly in Queensland’s Darling Downs region.
YTD Price Performance: -4.00%
Average Trading Volume: 1,748
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.52B
For a thorough assessment of NHC stock, go to TipRanks’ Stock Analysis page.
