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Coal miner reaps price rise from Middle East conflict

The escalating conflict across the Middle East is putting upward pressure on coal prices. (Kelly Barnes/AAP PHOTOS)

Australia's second-biggest listed coal miner has been reaping the benefits of higher prices since the US-led war on Iran began almost three weeks ago.

New Hope Corporation chief executive Rob Bishop said the escalating conflict, which has spread across the Middle East and caused death and displacement, was "deeply distressing."

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