Cashed-up New Hope says IR reforms drive ‘wrong outcomes’
Peter KerResources reporter
New Hope Coal chief executive Rob Bishop says the Albanese government’s “same job, same pay” agenda threatens to drive the wrong outcomes and stymie investment as he delivered the biggest profit in the company’s history.
New Hope shareholders will receive total dividends of 70¢ per share for the year ended July 31 after exceptionally high coal prices last summer drove the miner to a record $1.08 billion underlying profit.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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