New Hope has bigger ambitions at $1.1b Malabar Resources
Tom RichardsonJournalist
New Hope is watching the performance of Malabar Resources’ coal mines in NSW, examining the case for increasing its minority stake after bolstering its balance sheet this month with a $300 million convertible bond issue.
In February, New Hope lifted its stake in Malabar to 19.9 per cent with a $76 million cash injection in exchange for an additional 4.9 per cent.
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