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Mar 23, 2021

New Hope to fight Colton coal claims

New Hope to fight Colton coal claims

New Hope Corporation has flagged plans to ‘defend vigorously’ claims against it over the Colton coal business, reported to top $174 million. It comes after creditors agreed to fund liquidators KordaMentha to pursue the former directors of company subsidiaries Northern Energy Corporation (NEC) and Colton Coal. Those subsidiaries went into voluntary administration in 2018 and…

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