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NHC, NEW HOPE CORPORATION LIMITED
wantmore
post Posted: Feb 3 2020, 10:03 AM
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Hi all. I was thinking of adding a few more NHC until I saw their last announcement which I do not fully understand the implications of. Has any one else got any opinions on this stock at the moment.

 
nipper
post Posted: Dec 20 2019, 10:41 AM
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QUOTE
Shares in New Hope have been halted ahead of the open, pending a decision on a court appeal. The company is defending an appeal from Wiggins Island Coal Export Terminal that it was not bound by a deed of cross guarantee, what would cost the miner as much as $130m.

NHC shares last traded at $2.09.
seems the lawyers are quite active.
risks abound



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Nov 1 2019, 12:34 PM
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SP up 4.69% @ $2.23/share
New Hope welcomes Court of Appeal decision
QUOTE
The Company welcomes today’s decision from the Queensland Court of Appeal
dismissing Oakey Coal Action Alliance’s Appeal and granting orders requested by
New Acland Coal Pty Ltd. There is no further barrier to the Queensland Government
now giving final approvals for the New Acland Coal Mine Stage 3 Project.

The reasons for judgment from the Court of Appeal stated President Kingham’s Land
Court orders are valid and bind the parties. The Court of Appeal also accepted that the
grant of the Environmental Authority should stand.
This is good news for the Company and the local community in which the Project is
located.

The Company now calls on the Queensland Government to immediately grant the
required Mining Leases, Associated Water Licence and approval for the continued use
of the Jondaryan loadout facility.

New Hope remains committed to delivering the New Acland Stage 3 Project and will
actively work with the relevant Government departments to immediately progress the
approvals.

Obtaining final approval as soon as possible is critical to ensuring the continuity of
operations and will not only provide certainly for the current workforce but help create
approximately 400 new jobs in the region.

The New Acland Stage 3 Project is expected to generate $7 billion in economic activity
over the estimated 15 year life of the Project.

A copy of the orders can be found at: https://www.sclqld.org.au/caselaw/QCA/2019/238
(ends)

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Sep 17 2019, 12:28 PM
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New Hope Corporation chairman Robert Millner has accused state governments of using taxpayer funds to block coal developments and destroy jobs as the company battles for mining approvals in Queensland. Mr Millner also blasted anti-coal campaigners, questioning their moral right to deny the benefits of affordable electricity to countries like India.

The billionaire investor’s swipe at activists and the Queensland Government came as New Hope announced revenue up 21 per cent to $1.3 billion and the company's best ever full year profit before non regular items. Net profit after tax was up 3 per cent to $268 million on the back of an increased share of coal sales from the Bengalla joint venture after increasing its stake in the operations from 40 per cent to 80 per cent in 2018-19.

Mr Millner said New Hope was committed to delivering the New Acland stage 3 project despite approval delays and legal battles that have seen it move to make 150 workers redundant from next month.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Dec 7 2018, 01:18 PM
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Rehabilitation after mining: local realities, that maybe, just maybe, OS entities may want to skip.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Dec 7 2018, 01:18 PM
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QUOTE
Answer:
All mining companies are required to be responsible for the rehabilitation of mines following cessation of mining activities.

The regulatory obligations and financial undertakings to ensure appropriate remediation are significant. But our approach has been to exceed the regulatory requirements.

If you look at New Hope as an example of the culture that exits with respect to rehabilitation of mines, they are best in class at rehabilitating the land and ensuring environmental remediation.

On the screen are some photos of the rehabilitation that has taken place at New Hope’s New Oakleigh mine which ceased operation in 2012. Today you wouldn’t even know a mine was ever there.
- Slide 23 of SOL presentation at its AGM



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 

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blacksheep
post Posted: Aug 7 2018, 12:11 PM
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In Reply To: nipper's post @ Aug 7 2018, 11:51 AM

True - WES currently up 0.55% and NHC 7.84% - WES has been trying to exit the coal asset for a number of years, so good news to finally achieve a sale at a not so bad price
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Aug 7 2018, 11:51 AM
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In Reply To: blacksheep's post @ Aug 7 2018, 11:13 AM

Didn't hurt WES, either.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Aug 7 2018, 11:13 AM
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Market appears to like this morning's ann in which they have committed to acquire up to a further 40% interest in Bengalla. SP up 6.9% currently - @ $3.41

QUOTE
New Hope Corporation Limited (ASX: NHC) has reached a binding commitment with
Wesfarmers Limited (ASX: WES) to purchase a further 40% interest in the Bengalla Joint
Venture for $860 million.

New Hope currently has a 40% interest in the Bengalla Joint Venture. New Hope’s final
interest in the Bengalla Joint Venture will be dependent on the actions of the other Joint
Venture participants, Mitsui and Taipower, during the pre-emptive rights process under the
Bengalla Joint Venture Deed.

Following completion of the transaction which is anticipated to occur in late 2018, New Hope
will own up to an 80% interest in the Bengalla Joint Venture. It is anticipated that the
transaction will be financed by a combination of cash and new debt facilities. The transaction
will be subject to the usual regulatory processes.

New Hope’s Managing Director, Shane Stephan said “the acquisition of an additional interest
in Bengalla demonstrates New Hope’s long term commitment to the Bengalla mine and a
positive outlook for the global export thermal coal market."

Mr Stephan also stated that New Hope remains committed to securing approval for the
continuation of the New Acland mine and in doing so being able to provide ongoing
employment for the circa 700 jobs reliant on its operations.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Mar 20 2018, 08:42 PM
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While New Hope's Queensland mines produced more coal than the company's NSW mines, the latter was a bigger contributor to earnings.

Premium thermal coal from the Hunter Valley, where New Hope has a 40 per cent stake in the Bengalla mine, averaged $US100 ($130) per tonne during the six months to January 31. The Bengalla mine contributed $58.7 million to earnings over the past six months, and if that rate of profitability were maintained, the acquisition would pay for itself within seven years.

New Hope was initially considered to have paid a high price for the Bengalla stake, but in hindsight the transaction was completed at the bottom of the coal market. Aside from being well timed, the transaction has provided New Hope with some crucial diversification, given it continues to struggle with permitting for the expansion of its Acland mine in Queensland.
QUOTE
"Despite the high Australian dollar prices you are not seeing a supply response yet out of Australia, so the last three years Australian thermal coal exports have been flat at about 200 million tonnes per annum.

"That is a key feature, and I don't think a lot of people are really appreciating that; there is increasing competition for that available supply of that high-quality thermal coal but there is not an increasing supply of it" CEO Shane Stephan said.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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