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New Hope mounts bid for Anglo American coal mines

Elouise Fowler
Elouise FowlerReporter
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New Hope has entered the race to buy Anglo American’s five coal mines in Queensland, and warned the UK-listed miner that its asking price will need to come down to get a deal done.

The boss of New Hope, Rob Bishop, lobbed a preliminary bid for the coking coal mines this month, as he ploughs ahead with plans to double thermal coal production at New Hope’s existing mines by 2028.

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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
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    Original URL: https://www.afr.com/companies/mining/new-hope-mounts-bid-for-anglo-american-coal-mines-20240917-p5kb3b