Stanmore to Develop Isaac Downs Coking Coal Project in Queensland

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Brisbane based Australian coal producer Stanmore Resources has received permits for mining leases from the Queensland state government to start work on its Isaac Downs coking coal project. The project would be an extension of Isaac Plains and it would produce up to 2.5 million tonnes per annum of saleable coking coal with a mine life of up to 10 years.

Stanmore Resources would spend AUD 47 million on project development, with total estimated costs of nearly AUD 82 million including civil construction work.

Stanmore Coal expects to ramp coal production back up to a rate of at least 2.4 million tonne per annum during July-December, after cutting sales in April-June to just 293,000 tonnes in response to weak coal prices.

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