Portal:Queensland/Selected business/10
New Hope Coal is an Australian coal-mining and energy company with its headquarters in Brisbane, Queensland. The company's operations include New Acland Mine, Jeebropilly Mine, New Oakleigh Mine and Queensland Bulk Handling. New Hope Coal is 61.11% owned by Washington H. Soul Pattinson.
New Hope's first export shipment, 17,332 tonnes of Bundamba coal, was aboard MV "Floret" which sailed from the Maynegrain grain terminal at Pinkenba on 10 September 1980. At first the company met domestic demand however by 1986 New Hope's market mix had about-faced to 90 per cent export and 10 per cent domestic sales. On 18 July 2008, New Hope entered into an agreement to sell its New Saraji Coal Project to BHP Billiton Mitsubishi Alliance (BMA) for A$2.45 billion. (Full article...)