New Hope Group is an Australian thermal coal-mining company. New Hope's operations include New Acland Mine, Bengalla Mine and Queensland Bulk Handling. It is headquartered in Brisbane, Queensland.
History
New Hope was established in 1952 in Ipswich, Queensland.[1] In the 1970s it was purchased by Soul Patts.[2]
The early 1980s saw the commencement of coal exporting from the Ipswich region, with New Hope being one of the first companies to successfully obtain trials of Ipswich coal into the Japanese market. New Hope's first export shipment, 17,332 tonnes of Bundamba coal, was aboard MV Floret which sailed from the Maynegrain grain terminal at Pinkenba on 10 September 1980. Increasing export coal business dictated the need for a dedicated coal terminal, so a joint venture between New Hope and TNT Shipping and Development was formed to develop a coal loading facility at the Port of Brisbane. Queensland Bulk Handling (QBH) was commissioned at Fisherman Islands in 1983. New Hope has a 50% shareholding in QBH with the balance owned by