industrialinfo.eu - Australia's New Hope Corporation $2 Billion Capital Spending Plan May Fall Down Under

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Australia's New Hope Corporation $2 Billion Capital Spending Plan May Fall Down Under

SUGAR LAND--March 2, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--New Hope Corporation Limited (ASX:NHC) (Brookwater, Australia) has abandoned plans for a proposed sale, receiving no offers from other companies. The company's chairperson Robert Millner said, "The board of New Hope has always been confident in the company's ability to grow as a strong, independent company; however, following a number of approaches from third parties, we believed it was our duty to consider potential transactions that may be in the best interest of our shareholders."

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Industry Segment: Metals & Minerals
Word Count: 611 Words

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