PERTH (miningweekly.com) – Coal miner Stanmore Coal has reported a fall in production during the three months to September, despite reaching a record run-of-mine (RoM) production at an annualised rate, with the start of production at its Isaac Plains East operation driving the growth.
RoM production decreased by 9% on the previous quarter, to 498 000 t, following a 16-day planned shutdown of the coal handling and preparation plant. However, with the start of Isaac Plains East in early August, Stanmore achieved an annualised run rate of 2.7-million tonnes.
Coal sales for the September quarter reached 319 000 t, which was in line with the June quarter sales of 320 000 t, with product stockpiles increasing by 39% to 111 000 t.
Free-on-board (FoB) costs for the quarter reached A$128/t, while the average price per tonne of coal sold reached A$169/t, with 211 000 t of semi-soft coking coal sold at A$184/t, and 108 000 t of thermal coal sold at A$139/t.
Stanmore on Tuesday maintained its full year production guidance of some 1.8-million tonnes a year, at a A$86/t underlying FoB cost, excluding state royalties.