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Rail maintenance hampers New Hope sales

29th May 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Despite an increase in production during the three months to April, coal miner New Hope Corporation on Tuesday reported a fall in coal sales, owing to rail outages.

New Hope produced 2 102 t of coal during the quarter ended April, compared with the 2 019 t produced in the previous corresponding period, while total tonnes of coal sold was down to 1 901 t, compared to the 2 172 t sold in the previous corresponding period.

The miner told shareholders that scheduled rail maintenance and rail outages in Queensland associated with the Commonwealth Games had a negative impact on coal production and sales from the company’s Queensland operations.

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