PERTH (miningweekly.com) Coal miner New Hope Corporation has vowed to defend itself against legal proceedings against two of its now defunct subsidiaries, while also announcing that it had swung to a loss during the first six months of 2021.
New Hope on Tuesday told shareholders that liquidators from its former subsidiaries Northern Energy Corporation (NEC) and Colton Coal, which went into voluntary administration in mid-2019, intended to start proceedings against New Hoppe and certain former directors of both NEC and Colton in connection with alleged voidable transactions, insolvent trading, asset transfers and breaches of directors duties.
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Reports have suggested that the liquidators estimated that these claims were valu…
Read the full article at: https://www.miningweekly.com/article/new-hope-faces-legal-claims-as-it-swings-to-a-loss-2021-03-23
