Tarong says no to New Acland Coal ...
Tarong Energy has declined the offer of coal from New Acland Coal's mines and will instead mine the Meandu and Kunioon coal deposits near its power stations at Kingaroy.
Excerpt from New Hope Corporation ASX release:
Company Announcement
10 September 2007
The Directors of New Hope Corporation Limited (New Hope) advise that Tarong Energy Corporation Limited (Tarong) has notified the Company that it will not exercise its option to purchase coal from the New Acland mine commencing in 2011 despite New Hope meeting all the conditions precedent for the Coal Supply Agreement option.
Coal supply to Tarong was one of a number of alternative growth opportunities New Hope has been actively evaluating for the New Acland mine.
...
See - ASX - NHC press release.
0 Comments:
Post a Comment
<< Home