Name of the Project
Isaac Downs coal project.

Location
The project is located about 145 km south-west of Mackay and 10 km south-east of Moranbah in Queensland, Australia.

Project Owner/s
Australian coal producer Stanmore Coal.

Project Description
The project entails the development of a greenfield, opencut coal mine and associated project infrastructure, extracting between one- and four-million tonnes a year of run-of-mine (RoM) metallurgical coal, with an estimated total of 35-million tonnes of coal over 16 years.

RoM coal will be will be trucked on haul roads to the adjacent Isaac Plains mine (IPM), with RoM coal processing being undertaken at the existing IPM coal handling and preparation plant.

Coal will be transported from the existing IPM rail loop to the Dalrymple Bay Coal Terminal for export.

Potential Job Creation
About 250 jobs will be created during construction and 300 job during operation.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The project is estimated at A$90-million.

Planned Start/End Date
Pending all necessary approvals and Stanmore Coal’s business plans, project construction could begin as soon as early 2021, with the mine possibly becoming operational in mid- to late 2021.

Latest Developments
Stanmore Resources has received permits for mining leases from the Queensland state government to start work on its Isaac Downs project.

Government issued leases for the project even as Australia's coal industry faces dwindling support and access to finance, as a result of increasing pressure on their supporters to break away from fossil fuels.

Australia, the top coal exporter in the world, remains a laggard in climate change commitments, so far refusing to commit to a target for net zero emissions by 2050, citing the risk of hurting the economy.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Stanmore Coal, tel +61 7 3238 1000 or email info@stanmorecoal.com.au.