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Bengalla production surge fails to lift New Hope earnings

The second half production was expected to be lower than the first due to normal mine sequencing.

Lou Caruana
Bengalla open cut mine in New South Wales.

Bengalla open cut mine in New South Wales. | Credits: New Hope

Earnings before interest, tax, depreciation and amortisation came to $213 million, down from $285 million in the previous corresponding period. Lower coal prices have offset the benefits of higher sales...

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