New Hope Corporation, trading in the United States as OTCMKTS: NHPEF, is an Australian coal exploration and mining company primarily focused on the development, production and sale of thermal coal. Headquartered in Brisbane, Queensland, the company operates open-cut coal mines and associated infrastructure to supply both domestic power generators and international markets. New Hope’s core assets include the New Acland coal mine on the Darling Downs and its shareholding in the Bengalla joint venture in New South Wales.
The company’s activities span the full coal value chain, encompassing exploration, mine development, extraction, processing and logistics. New Hope markets high-quality thermal coal principally for electricity generation, with seaborne exports delivered through Queensland’s port facilities. In addition to raw coal sales, the company invests in rail haulage and port services to maintain reliable supply lines to major buyers in Asia.
New Hope traces its origins back to 1921, making it one of Australia’s longest-established coal producers. The company has been publicly listed on the Australian Securities Exchange since the mid-20th century and maintains a dual presence through its OTCMKTS ADR program for U.S. investors. Over its history, New Hope has navigated evolving environmental standards and community engagement requirements, positioning itself as a significant Queensland employer.
As of mid-2023, New Hope is led by Managing Director and Chief Executive Officer Robert Neale, under whose guidance the company continues to explore opportunities for coal seam productivity improvements and strategic growth. New Hope maintains a commitment to operational safety, environmental management and stakeholder collaboration across its Australian mining operations.
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