Stanmore Coal Ltd has reported that it has awarded a contract to UGM Highwall Mining Pty Ltd to commence highwall mining operations at Isaac Plains. The contract is for the extraction of over 300 000 ROM t of low cost coal. This coal will be extracted at approximately 20% lower FOB than the existing opencast and will be supplied to Asia.
The contract term is for 5 months, with a production target of 70 000 tph.
Nick Jorss, Managing Director of Stanmore, commented: “We are very pleased to have signed this contract with UGM after more than 12 months of preparation, detailed design and discussions with relevant State representatives. Highwall mining is an attractive option for Stanmore at Isaac Plains given the potential to produce lost cost, low impact incremental tonnes of coking coal to be sold to existing and new customers.”
Edited from press release by Angharad Lock
