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Queensland court rejects New Hope's expansion plan for New Acland coal mine

The Queensland land court in Australia turned down a proposal for the third-stage expansion of New Hope Corp. Ltd.'s New Acland coal mine in the state, the company said May 31.

This comes after the federal government approved the expansion in January, which envisages extending current operations to about 2029 and generating employment for up to 435 people directly and 2,300 indirectly.

The ASX-listed company is reviewing the decision to determine options available to secure project approval.

The final approval rests with the state's Minister for Natural Resources and Mines and the CEO of the Department of Environment and Heritage Protection.

"They will consider all relevant matters in making their decisions regarding the grant of the Mining Leases and Environmental Authority amendment. These approvals and an Associated Water License will be required for the project to proceed," the company said in the statement.