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New Hope posts 30% profit jump

BRISBANE-based coal miner New Hope has posted a full-year profit of $68.7 million compared to $53.1 million the previous year and said while operating costs are increasing, thermal coal prices are staying firm.

MiningNews.Net

New Hope said its Australian coal mines were at full capacity over the 2005-06 financial year, with coal sales of 3.774 million tonnes, some 325,000t above the previous year. The bulk of coal production...

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