New Hope keeps door open for acquisitions as coal deals run hot

Miners think the world is realising that the transition from fossil fuels will take a long time. (Image: 123rf)

Wed, 18 Sep 2024

By Rhiannon Hoyle Australian miner New Hope is interested in coal operations being sold by Anglo American and would also be keen to increase its stake in closely held Malabar Resources if the chance arose, chief executive Rob Bishop says. New Hope’s interest in dealmaking, even as it advances plans to double coal production via organic growth, reflects its confidence that coal will remain in demand for years.Bishop said Brisbane-based New Hope is looking at coal mines that have been put up for sale by Anglo American, part of a r...

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