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  • August 07, 2022
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New Hope purchases Malabar Resources stake for $65.2m

The acquisition forms part of New Hope’s efforts to boost its coal business amid rising commodity prices. Australia’s New Hope has acquired a 15% stake in Malabar Resources for A$94.4m ($65.25m) through a wholly owned unit. The acquisition forms part of the firm’s efforts to boost its coal business amid increasing commodity prices, which reached

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  • August 07, 2022
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Glencore H1 2022 profits soar on coal boom

Mining and commodities giant Glencore doubled its core profits to $18.9bn for the first half of 2022, driven by higher metal prices and market volatility. Marking an increase from $8.65bn in the same period last year, the company particularly benefitted from record-high coal prices due to market fluctuations triggered by the Russia-Ukraine conflict. The firm’s

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