NHC 2.74% $4.87 new hope corporation limited

News: NHC Australia's New Hope to buy Mitsui's 10 pct stake in Bengalla coal mine

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    Nov 26 (Reuters) - New Hope Corp Ltd (NHC) will buy a further 10 percent stake in the Bengalla thermal coal mine in Hunter Valley, New South Wales from Japan's Mitsui & Co Ltd's 8031.T for A$215 million ($155.7 million), the Australian coal miner said on Monday.

    The deal comes months after Wesfarmers Ltd (WES) sold its 40 percent stake in the Bengalla mine to New Hope, which already held a 40 percent stake in the mine. ($1 = 1.3806 Australian dollars)

 
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