The company remains on track for a strong June quarter and will marginally exceed prior guidance for ROM and product coal produced. This performance, coupled together with the higher than anticipated June quarter benchmark settlement of $US126/t for semisoft coking coal, has Stanmore in a strong position to finish the year and commence FY18.
- June Quarter Benchmark price set at $US126/t.
- On target to achieve June quarter primeoverburden plan and t slightly exceed previous guidance of 1.15 million t coal produced for FY17.
Isaac Plains continues to deliver solid operational results and, subject to final survey for the month, will marginally exceed the prior guidance of 500 00 t Run of Mine (ROM) for the quarter and 1.15 million t coal production for the year. Stocks remain adequate and the previously flagged earlier planned maintenance for the CHPP is under way.
Sales and logistics
The prolonged June quarterly benchmark negotiations gave been settled at $US126/t. The previous June quarter forecast sales of 305 00 t has reduced to 265 00 t (100%SSCC) with a thermal cargo, that is fully assembled at the mine, deferred to early July due to short term rail constraints.
Read the article online at: https://www.globalminingreview.com/mining/28062017/stanmore-on-track-exceed-production-expectations/