Operational improvements continued at Isaac Plains in May, with Stanmore Coal delivering a second consecutive record month for coal mined and coal processing. The company remains on track for a strong June production quarter and 1.15 million t coal production for FY2017, in line with prior guidance. Forecast sales volumes have increased to 305 00 t for the June quarter, and are expected to remain strong over the September and December quarters.
- Continuation of the Health and Safety performance with seven months injury free.
- Record coal production month with 210 00 t Run of Mine in May. Forecast ROM production increased to approximately 500 00 t for June quarter
- On target to achieve June quarter prime overburden plan and 1.15 million t coal produced for FY2017, in line with previous guidance.
Forecast June quarter sales volumes increased to 305 00 t from previous guidance of 180 00 t Managing Director, Dan Clifford said, “Another strong monthly performance demonstrates a continuation of the company’s ability to deliver reliable operational results.” “Impacts from Tropical Cyclone Debbie were dealt with and this combined with focused operational and functional management and a recent successful marketing visit to customers in Asia during May have resulted in an increase in June quarter forecast sales.”
Mine performance Isaac Plains delivered a strong operational result in May, recording open-cut ROM production of 210 00 t and 2.1Mbcm of prime overburden movement. The strong performance positions the mine for an increase in forecast June quarter production to approximately 500 00 t ROM, a 41% increase over the March 2017 quarter (355 00 t). The overall operational performance has enabled the company to bring forward planned maintenance for the CHPP into June and have adequate stocks to compensate for planned maintenance on the dragline in the quarter ending September. The Goonyella network was fully restored in the second week of May, as anticipated by the rail operator, with minor speed restrictions remaining. Coal contracts The June quarterly 4Q17 benchmark negotiations for semi-soft coking coal price are continuing between the major suppliers and consumers. The company will update the market when these negotiations are concluded.
Read the article online at: https://www.worldcoal.com/coal/02062017/stanmore-coal-provides-production-update/