New Hope Corporation

New Hope Corporation is one of Australia’s oldest and most enduring coal producers, tracing its origins to 1952 when it was established in Ipswich, Queensland. The company built its early business around the rich coal seams of the Ipswich region, and by the early 1980s had become one of the first Australian miners to successfully export coal into Japanese markets – a relationship that remains commercially significant today. To service growing export business, New Hope co-developed Queensland Bulk Handling (QBH), a dedicated coal loading facility at the Port of Brisbane commissioned in 1983. New Hope retains a 50% stake in QBH, giving it a vertically integrated logistics advantage that peers cannot easily replicate. In the 1970s, the company was acquired by Washington H. Soul Pattinson (ASX: SOL), the diversified investment house that remains the anchor shareholder with approximately 39% of the register. New Hope listed on the ASX in September 2003. The company benefited significantly from high coal prices following Russia’s invasion of Ukraine, with profits surging several hundred percent. New Hope has pushed for expansion of New Acland Stage 3 and increased output at Bengalla – both of which received approvals – positioning the company for meaningful production growth through to FY28.