A key investor in coal company New Hope Corp has blamed an overreaction from minority shareholders spooked by news of Chinese push-back on Australian coal for wiping $1 billion off the miner's value. New Hope has now reached an agreement with Taipower for the company to participate in the Wesfarmers sale (due for completion in early December), meaning New Hope … Join the HotCopper ASX share market forum today for free. If it is around China, it has definitely been overstated," he said. New Hope does not set aside a larger portion of remuneration in the form of salary, maintaining the same rate as the wider market.Thus we can conclude that Shane Stephan receives more in total compensation than the median of a group of companies in the same market, and of similar size to New Hope Corporation Limited.

New Hope Group is a majority Australian owned and operated diversified energy company which has been proudly based in South East Queensland since 1952. And so it is that one of Aussie coal miner New Hope Corporation's largest shareholders has cashed out after more … Local news and events from New Hope-Lambertville, PA Patch.

The market also expected them to announce a special dividend - which they didn't pay out - as they have a lot of franking credits on their balance sheet. Mr Millner is a director of Washington H Soul Pattinson and his family controls the company, which also owns more than half of New Hope. Business Description New Hope Corporation Limited (NHC) is an Australian public company that is involved in the exploration, development, production and processing of coal, oil and gas, as well as marketing and logistics.NHC also holds exploration tenements in Queensland. And so it is that one of Aussie coal miner New Hope Corporation's largest shareholders has cashed out after more than 30 years.Street Talk understands Japanese trading giant Mitsubishi divested its 11.2 per cent stake on Thursday night via a block trade overseen by investment bank JPMorgan.The deal was worth about $157 million and priced at $1.69 a share, sources said.New Hope shares, which last closed at $1.86, have been under pressure as the price of thermal coal has slumped amid a shift in demand to gas and renewable energy fired electricity generation.Millner took the unusual step after being peppered with questions on the financial viability of the fund's shareholding in New Hope, which he also chairs.Follow the topics, people and companies that matter to you.Hundreds of mining jobs are in the balance after farmers won the latest round in a bitter legal battle over coal producer New Hope's expansion plans.Three NSW mines look set to reduce production through winter, offering some much needed support for weak coal prices.Lynas Corporation and its brokers had a long night of fundie meetings ahead of them on Sunday evening.It's risk on as far as small cap floats are concerned – just ask non-bank lender Plenti.It's coming up to four days off the boards for coal miner Coronado Global Resources but its mooted debt-tackling equity raising is tipped to launch this week.Kiwi broker Jarden has wasted no time launching its hunt for a new investment bank partner.Even on Sundays, the high stakes world of investment banking doesn't stop moving.

Considering positive per-share earnings movement, but keeping in mind the weak returns, we'd need more time to form a view on CEO compensation. As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of AU$613m to AU$2.5b. It is only the state-owned enterprises who aren't,” he said.“If it really was an environmental issue as claimed, it would involve both private and state-owned companies.”He said the industry’s view was these coal restrictions would end around May, however, if they were politically motivated, they might last longer.New Hope investor blames China-spooked shareholders for price crashChina slowing its imports of Australian coal may have spooked the market but analysts say disappointing results drove New Hope's share slump faster.Australian miners are looking to ports other than China for their coal, as the country continues its slowdown on Australian imports.

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