Connect with us

Business

New Hope (ASX:NHC) share price on watch on Q2, 48% higher coal prices

Published

on

The New Hope Corporation Limited (ASX: NHC) share price will be on watch today after releasing its FY21 second quarter update.

New Hope is one Australia’s biggest coal miners with operations in both Queensland and NSW.

New Hope’s second quarter update

The coal company said that its total saleable coal production for the quarter to January 2021 fell 18% to 2.88 million tonnes, while total coal sold decreased by 14.8% to 3.02 million tonnes.

Looking at the half-year to January 2021, total saleable coal production was down 27.9% to 6.21 million tonnes and total coal sold fell by 23.3% to 6.36 million tonnes.

New Hope said that there had been stronger demand for coal forecasted as economic activity increases across Asia. Total coal…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

ASX 200 sinks 2.4%, Afterpay plunges, AMP jumps on Friday 26 February 2021
Article feature image
Woolworths supermarket, IGA recall Shelby’s Healthy Hedonism Chocolate Chip and Double Choc Hazelnut cookies – 7NEWS.com.au