Stanmore Coal Limited has announced that first product coal has been processed by the coal handling and preparation plant (CHPP) at the recently acquired Isaac Plains coking coal mine in Queensland’s Bowen Basin region.
Managing Director Nick Jorss said first production was achieved within the targeted timeframe for the restart of the mine, allowing the company to enter the next phase of its growth plan.
“It is my great pleasure to announce the production of our first coal at the restarted Isaac Plains coking coal mine. First production marks a significant milestone for the Company and signifies our recent transition from explorer to producer,” Mr Jorss said.
“We have a steady flow of run-of-mine (ROM) coal from mining operations and stockpiles to deliver the first shipments to our top tier Asian steel mill customers; the first of which is planned for early May. The milestone represents the culmination of a significant effort by the Stanmore team. The Board would like to thank employees, key consultants and contractors to the Company for their hard work as we enter the next exciting phase of growth for the business.”
Stanmore Coal owns 100% of the Isaac Plains mine and the adjoining Isaac Plains East expansion projects. Additionally, the company holds a number of high quality development assets in both coking and thermal coal located in the Queensland’s Bowen and Surat Basins.