Morningstar's New Hope Corp Ltd Stock Analysis
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New Hope Corp Ltd's Company Profile
New Hope Corporation is an Australian pure-play thermal coal miner. Its two operating assets--the 100%-owned New Acland coal mine and its 80% interest in the Bengalla coal mine--produce more than 12 million metric tons of salable thermal coal annually. The vast majority of New Hope’s production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multi-decade mine lives. New Hope’s undeveloped coal resources are extensive and include exploration status coal resources in excess of 1 billion metric tons in Queensland’s Surat basin.
Brisbane, QLD, 4000, Australia