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Stanmore bags a bargain with $1 mine buy

STANMORE Coal is seeking to consolidate its presence in Queensland's Bowen Basin with a deal to pay just $A1 to acquire 100% of the Isaac Plains coal mine, which was recently placed into care and maintenance by Vale and Sumitomo Corporation.

Lau Caruana
Stanmore bags a bargain with $1 mine buy

The company is planning to restart mining at Isaac Plains – which lies east of Moranbah – in the first half of 2016 at a initial production rate of 1.1 million tonnes per annum. The Isaac Plains project...

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