📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

BRIEF-Stanmore Coal updates on restart of Isaac Plains & award of mining contract

Published 17/12/2015, 10:41 am
© Reuters.  BRIEF-Stanmore Coal updates on restart of Isaac Plains & award of mining contract
SMR
-

Dec 17 (Reuters) - Stanmore Coal Ltd SMR.AX :

* Restart of isaac plains - award of mining contract SMR.AX

* Says has awarded a three year mining contract to golding contractors for the restart of the isaac plains coking coal mine

* On track for co's first coal shipment from isaac plains in April 2016, creating approximately 150 new jobs in the moranbah region

* Says "mine restart on track for 1h 2016 producing at least 1.1 million tonnes per annum over three years"

* Is well funded for restart of isaac plains with projected cash and outstanding vendor payments of $18M at steady state production in June 2016

* Source text for Eikon ID:nASX8q7hbq

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.