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Stanmore reports production results from Isaac Plains

20th July 2016

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

  

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JOHANNESBURG (miningweekly.com) – The Isaac Plains coal mine, which Stanmore Coal reopened earlier this year, has managed to produce 231-million tonnes in the June quarter, which marked the ramp-up phase of operations.

Stanmore reported on Wednesday that it had sold 156-million tonnes from the Queensland mine, which it bought from Vale and Sumitomo for A$1 last year, and that it had completed five shipments of coking coal from the Dalrymple Bay Coal Terminal in the three-month period.

The company has secured a contract to supply top-tier Asian steel mills on a term basis with 900 000 t of coking coal.

“This strong result affirms the market support for the quality of Isaac Plains coking coal and underpins a positive outlook, as Stanmore’s coal will continue to be a sought-after commodity,” the miner stated.

Stanmore managed to achieve an average sale price of $60/t, which it said was affected by the lower proportion of coking coal sold in the start-up phase. The company is considering reintroducing a semi-hard coking coal product, as was historically produced at Isaac Plains.

 

Edited by Creamer Media Reporter

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