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Australian New Hope's May-Jul coal output down 5% on year at 2.15 mil mt

Sydney (Platts)--29 Aug 2017 528 am EDT/928 GMT


Australian New Hope's salable coal production fell 5.1% year on year to 2.15 million mt over May-July on a decline in output at its operations in Queensland, the company said Tuesday.

Its 100% owned and operated Queensland operations produced 1.27 million mt of salable coal in the quarter, down 12.6% year on year. The decline was due to processing being constrained by high stock levels and lower than anticipated rail availability, the company said.

New Hope's 40% owned Bengalla mine in neighboring New South Wales saw production rise 8.3% year on year to 879,000 mt in the period.

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The rise was due to productivity improvement initiatives and lower than average rainfall, the company said.

New Hope's Queensland operations include New Acland and West Moreton.

The company said Tuesday it has initiated a Judicial Review of the Queensland Land Court's recommendation on May 31 that mining leases at its New Acland Stage 3 expansion project not be granted.

It expects the review will be heard in the Supreme Court in the first quarter of 2018.

--Nathan Richardson, newsdesk@spglobal.com

--Edited by Wendy Wells, wendy.wells@spglobal.com




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