Board has unanimously approved an on-market buy-back of ordinary shares for up to $300 million to commence on or about 17 November 2022 and be completed within 12 months (the Buy-Back).

2 page announcement: 2924-02593464-2A1411111 (markitdigital.com)

The Board has carefully considered how to return surplus capital to shareholders, in addition to the record fully franked dividends declared at the full year results. “We believe that the Buy-Back will benefit all our shareholders as it will reduce the number of shares on issue, thereby supporting the Company’s return on equity, earnings per share and dividend per share, for all shareholders who continue to hold shares in New Hope Corporation.”

This meeting looks to be a standard AGM .. no hybrid video link.

Climate Activists could on the march

R. Miller - Acquired 300,000 Ordinary Shares ...So Total holding ~ 5,522,000 comes in at x $5.5 = $30,371,000

Dividend 56cps = 31 + 25 > divi + Special divi ( Ex-Dividend 24th Oct.) .A rise in fuel prices increased the underlying cost base by 23%, while the average sales price increased 178% over the same period. We expect inflation to be a headwind into 2023. However, our focus is security of supply and maximising margins

Its a hotty, Good while the demand is there. FINANCIAL RESULTS RELEASE (markitdigital.com)

New South Wales Operations – 80% Owned: Sales volumes were 5.2% higher than previous quarter with a significant amount of coal stockpiled due to Hunter Valley logistics constraints during the month of July. This significant stockpile balance will provide a strong sales runway for the new financial year. 

Bridgeport Energy Oil prices continued to remain high during the quarter, with an average realised price of A$162/bbl. During the quarter, Bridgeport sold 64,974 bbl of oil. 

This one smoking along. Keep the Fe furnaces hot. also WHC,SMR, YAL

Quarterly link > 2924-02555973-2A1392172 (markitdigital.com)

Highlights

• Underlying EBITDA1 of A$645m for the quarter following further strengthening of coal prices, and final unaudited Underlying EBITDA1 of approximately A$1.56bn.

• Chuwar Coal Mine fully rehabilitated with Queensland Government accepting surrender of the Mining Lease and Environmental Authority.

• Closing cash and cash equivalents A$815m following the investment of $94.4m into Malabar Resources Limited2 and closing receivables of A$504m.

• Thermal coal prices reaching record highs following the Russian invasion of Ukraine and concerns around global energy security. Quarterly gC NEWC finishing at US$404.99/t.

• Strong operational performance at Bengalla despite uncontrollable adverse weather impacting production and impeding operation of the Hunter Valley logistics chain early July.