https://newsletter.en.creamermedia.com
Coal
Coal
coal

New Hope's annual profit drops on lower coal prices

17th September 2024

By: Reuters

  

Font size: - +

Australia's New Hope reported an annual profit on Tuesday that fell 56.2%, hurt by lower average realised prices of coal.

The miner reported a full-year net profit attributable of A$475.9-million, compared with A$1.09-billion a year earlier.

New Hope's average realised prices during the reported period fell to A$183.25 per ton from A$346.73 per ton in 2023, while its saleable coal production for the year increased 26% to 9.1-million metric tons.

The company declared a final dividend of 22 Australian cents, compared with 21 cents a year earlier.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Showroom

The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/12/2025)
12th December 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.182 0.28s - 185pq - 2rq
Subscribe Now