More job losses loom at New Hope

Coal miner New Hope Group has reported a 15.8% drop in production for the quarter ended July, compared with the previous corresponding period, as production at its Queensland operation, including the New Acland mine, fell.

Total saleable coal production in the three months to July reached 2.79-million, down from the 3.31-million tonnes in the same period last year, with total coal sales dropping from 3.33-million tonnes to 2.35-million tonnes in the same period.