New Hope Corporation Ltd
New Hope is an independent, energy company which has open cut mines at Acland on the Darling Downs and at Rosewood near Ipswich. The New Acland open cut mine is located approximately 150 kilometres west of Brisbane in the Darling Downs region of Queensland. The mining method used at New Acland is an open cut multi-thin-seam operation which utilises trucks, excavators and front-end loaders. Overburden is blasted or ripped by bulldozers prior to extraction. New Oakleigh operates an open cut coal mine near the town of Rosewood, 23 kilometres west of Ipswich and 92 kilometres from the Port of Brisbane. The mining method used at New Oakleigh is a multi-thin-seam operation utilising trucks, excavators and front-end loaders. Overburden is blasted or ripped by bulldozers prior to extraction.
During the fiscal year ended 31 July 2008 (fiscal 2008), total saleable coal production from New Hope’s operations was 4.451 million tons. The New Acland Mine is located 16 kilometres northwest of Oakey on the Darling Downs in South East Queensland and is the Company’s major production source with approximately 3.92 million tons produced during fiscal 2008. The balance of coal production in fiscal 2008, of 531,000 tons came from the New Oakleigh mine in the West Moreton district, near Ipswich. In September 2008, the Company announced the sale of New Saraji Coal project to the BHP Mitsubishi Alliance (BMA).
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