A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- Australian coal miner New Hope yesterday announced “exceptional” performance across its business for the year ended 31 July 2023 , underpinned by strong demand and global supply constraints, which pushed thermal coal prices to record levels in the first half of FY23.
New Hope also declared a final fully franked ordinary dividend of 21.0 cents per ordinary share, as well as a final fully franked special dividend of 9.0 cents per ordinary share. “Exceptional performance across the business throughout FY23 enabled our team to capitalize on the market conditions, finishing the year with A$730.7 million cash at bank, no debt following the convertible note repurchase and a net asset position of A$2,525.3 million,” said CEO Rob Bishop.
On top of that, the company reported that during the year, all necessary approvals from the Queensland Government for the New Acland Mine Stage 3 were secured, including an Environmental Authority, Mining Leases and an Associated Water License.
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