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Sgt Rob Smith and Constable Paul Muller (L-R) Sebastion Rayfield, Vincent Rayfield, Trishelle Avu and Tayla Thorpe mine Bhabie and Paul Dickens Greg Byrne, Downing; Ian Reed, QNP Port Aboutusgeneric_1 The Smythe boys fifo csg Aboutusgenericimage_3 Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup (L-R) Sharlani, Rhythm-Rayne, Eesiar and Khvalee'a. mining Melanie and Chevy Ohl
Sgt Rob Smith and Constable Paul Muller (L-R) Sebastion Rayfield, Vincent Rayfield, Trishelle Avu and Tayla Thorpe mine Bhabie and Paul Dickens Greg Byrne, Downing; Ian Reed, QNP Port Aboutusgeneric_1 The Smythe boys fifo csg Aboutusgenericimage_3 Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup (L-R) Sharlani, Rhythm-Rayne, Eesiar and Khvalee'a.

Off with a bang
STANMORE commences production.
Wednesday 17 February 2016  

STANMORE coal has begun blasting overburden and has assigned its primary contractor Golding with operational responsibility at its newly acquired Isaac Plains coalmine South of Moranbah.

The re-commencement of mining operations at Isaac Plains follows the Queensland Department of Environment and Heritage Protection signing off on Stanmore’s mining plan in late January.

In a short statement, Stanmore’s Managing Director Nick Jorss said they expect first coal from the mine to be exported within two months.

“We are pleased with the significant progress made by Golding to date in mobilising to site, and kicking off mining activities within a short time frame,” he said.

“The site is a hive of activity as the team gears up for first coal production in April this year as planned.

“In the meantime negotiations are progressing well with a number of North Asian steel mills regarding terms of off-take contracts for the high quality coking coal we will produce.”

Stanmore Coal expects around 150 jobs will be created when the mine becomes fully operational.

In July last year, Stanmore Coal purchased the mine which was then in care and maintenance for just $1 from Japan-based Sumitomo Corporation. Sumitomo also loaned Stanmore money to cover contractual obligations, which Stanmore will repay when the mine is operating.

In 2011, Sumitomo Corporation paid $430 million for a half share in the Isaac Plains mine.

Late last year Mt Jorss told Shift Miner he remained bullish about the longer-term prospects for metallurgical coal, saying it was only be a matter of time until the fundamentals re-established themselves, although he did acknowledge that there were challenging times shortly.

The Isaac Plains deposit has about 10 million tonnes of measured coking and thermal coal, with Stanmore aiming to export around 1 million tonnes of coal a year.

It is also adjacent to the Wotonga coal deposit that Stanmore bought from US coal giant Peabody for around $7 million in July 2015.

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