Stanmore Coal : to launch first coal from Isaac Plains East in 2019
Australian Mining reported that Stanmore Coal is on track to launch production at the Isaac Plains East project in Queensland in first quarter 2019. The company took another step towards production at the thermal coal operation when it secured environmental approval from Queenslands Department of Environment and Science this week.
Fleet Boost Planned to Deliver FY Target
Australian miner Stanmore Coal has reconfirmed its production guidance of 1.2Mt from its Isaac Plains operations in Queensland's Bowen Basin for the year to end-June (FY18) after achieving sales of 594,000t for the December half.
December 2017 Quarterly Production Report
Strategic decision to operate Isaac Plains and Isaac Plains East concurrently following grant of Isaac Plains East Mining Leases.
Environmental Authority Issued
Stanmore is pleased to announce it has been issued the Environmental Authority amendment for its Isaac Plains East Project.
Appointment of Mr Stewart Butel as Chairman effective 1 February 2018.
Stanmore Board is pleased to announce the appointment of Mr Stewart Butel as Chairman effective from 1 February 2018. Current Chairman, Neville Sneddon, informed shareholders at the 2017 Annual General Meeting he would be leaving Stanmore in the New Year. Stewart was appointed to the Board in September 2017 which has allowed an orderly transition from Neville to Stewart.
Half Year EBITDA Guidance Update for the December 2017 half year.
Stanmore's coal exports from DBCT are being impacted by port congestion which is now expected to defer two planned December 2017 semi-soft coking coal shipments into January 2018 resulting in a revision of the underlying EBITDA guidance from $23m - $26m to $17m - $20m for the December 2017 half year.
Stanmore Chase Coal Acquisitions
Stanmore chairman Neville Sneddon said the fragmentation of the Australian coal market, as multinational miners like Rio Tinto and Vale sought to exit, was playing into the hands of smaller pure-plays.
Chairman's address to Shareholders - 2017 AGM
I am pleased to report that Stanmore Coal has delivered positive results.