Stanmore Coal investing in open cut efficiency
- Stanmore Coal is to acquire a new 600-tonne class excavator which will increase overburden removal productivity rates and reduce average unit overburden costs.
- The acquisition of a new excavator will maintain ROM coal volumes from Isaac Plains East in the short term and allow accelerated ramp-up of the Isaac Downs Project once the approvals are granted.
- Amendment to the Mining Services Agreement with Golding (ASX: NWH) agreed to include the new excavator and supporting trucking fleet.
- Isaac Plains Underground Project deferred as Stanmore Coal prioritises its Isaac Downs Project which has higher margin ROM coal to feed the CHPP.