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AUSTRALIA

New Hope on the hunt

DESPITE the hammering coal and oil prices have taken in recent months New Hope Corporation says it is well positioned to weather current market storms and to secure new asset-level opportunities for either near-term coal production capacity or longer-term development projects despite posting a $23.1 million loss.

Haydn Black

The loss for the six months to December 31 was driven by the writedown in the value of its oil and gas properties of a $58.5 million, which dented its net profit after tax of $34.2 million, a 51% increase...

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