Sky News Business Reporter Ed Boyd says coal miner New Hope’s profits have jumped more than 1,000 per cent due to record coal prices.
“They’ve got a pretty strong outlook for coal – there’s a big energy crisis in Europe,” he said.
“They’ve got a lot of customers in the Asian areas that are constantly buying more and more coal, so there’s high demand for coal.
“Their profit was almost a billion dollars this year.”
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