PERTH (miningweekly.com) – ASX-listed coal miner Stanmore Coal has reported record coal sales for the September quarter, despite output declining by 20% compared with the previous quarter.
Coal sales for the quarter were up 55% on the June quarter to 411 000 t, reducing coal stocks from 258 000 t to 164 000 t.
However, saleable coal production for the quarter reduced from 392 000 t in the June quarter to 314 000 t in the three months to September, as the coal handling and preparation plant underwent a planned major shutdown in early September.
Stanmore told shareholders on Tuesday, however, that the quarterly production results were in line with yearly targets, meaning that the company’s production guidance of 1.2-million tonnes for the full year remained unchanged.