PERTH (miningweekly.com) – Coal miner Stanmore Coal has reported a record June quarter, with production up 59% on the previous quarter.
The Isaac Plains mine, in Queensland, produced 564 000 t run-of-mine (ROM) coal during the three months to June, which was up from the 355 000 t produced in the previous quarter.
Saleable coal production was up 70% during the same period, from 230 000 t to 392 000 t.
During the quarter under review, Stanmore sold 265 000 t of semi-soft coking coal, with the average shipped price for coal during the quarter reaching $152/t. No thermal coal was sold during the quarter.
Stanmore told shareholders on Thursday that the company has renewed sales contracts with its Japanese and Korean customers, at a total contracted volume of 800 000 t.