Edition:
India

New Hope Corp Says Due To Delays In New Acland Coal Mine Approvals, Co in process to layoff 150 Workers


Tuesday, 17 Sep 2019 

Sept 17 (Reuters) - New Hope Corporation Ltd ::DUE TO FURTHER DELAYS IN RECEIVING APPROVALS FOR NEW ACLAND COAL MINE, CO MAKING UP TO 150 WORKERS REDUNDANT.NEW ACLAND COAL MINE STAGE 3 PROJECT CONTINUES TO BE IN ABEYANCE AS COMPANY WAITS FOR FINAL APPROVALS.FOR MOST ASIAN COUNTRIES THERMAL COAL WILL CONTINUE TO BE A SIGNIFICANT COMPONENT OF THEIR ENERGY MIX FOR MANY YEARS TO COME.NEW ACLAND COAL MINE STAGE 3 PROJECT STILL REQUIRES MINING LEASES, ASSOCIATED WATER LICENCE.