PERTH – Coal miner New Hope Corporation has reported a solid financial year for the year ended July, with net profits after tax and underlying earnings before interest, tax, depreciation and amortisation both growing.
“Our flagship operation, the Bengalla mine, delivered 9-million tonnes of saleable production in the 2023 financial year, a reduction of 3% compared to 2022 and a commendable effort in light of rainfall, flooding and logistics disruptions. “We are proud to be welcoming team members back to New Acland. Stage 3 operations commenced at the mine’s Manning Vale East Pit in May 2023, and the coal handling and processing plant washed first coal earlier this month,” he added.
At the peak of construction, there will be approximately 600 local workers at New Acland mine. Throughout the life of the project, the permanent workforce will be approximately 400 full-time roles, made up of Darling Downs locals.