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Stanmore loads first shipment of coal

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World Coal,

Stanmore Coal has loaded its first metallurgical coal shipment at Dalrymple Bay Coal Terminal, according to a company announcement. The loading marks the first coal sales from Isaac Plains after the company restarted the mine following its acquisition last November.

“We are very proud to have joined the ranks of coal producers from Queensland’s premier Bowen Basin, which supplies some of the highest-quality coking coal in the world as an essential raw ingredient to the steel industry,” said Nick Jorss, Managing Director of Stanmore Coal.

“We are also very pleased to be contributing significant direct and indirect employments opportunities, as well as kicking off the flow of millions of dollars in royalties each year to the state of Queensland.”

Stanmore bought the shuttered Isaac Plains mine from Vale and Sumitomo Corp. last year for AUS$1. The mine will supply steel mills in East Asia with metallurgical coal.

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