Stanmore completes Millennium and Mavis Downs Mine acquisition worldcoal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldcoal.com Daily Mail and Mail on Sunday newspapers.
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Highlights
Rolling 12 month total recordable injury frequency rate (TRIFR) at 5.1, down from 10.6 in the prior corresponding period.
Rate of mine (ROM) coal mining performance of 514 000 t for the quarter, reflecting a reduction in fleet capacity.
The Isaac Downs environmental impact statement (EIS) assessment report was finalised by the Department of Environment and Science (DES) and posted on the DES website.
Safety performance
During the March quarter, there was one recordable injury at Issac Plains, with no other injuries recorded at Stanmore’s other projects and tenements. The 12 month rolling TRIFR at the end of 1Q21 was 5.1.
Stanmore continued to operated in the quarter with reset and reduced fleet capacity focusing on higher productivity and lower cost mining equipment and on minimising strip ratios and cost.
MetRes to acquire mothballed Australian coal mines from Peabody Energy mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.
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Two companies have joined forces to acquire and restart a Central Queensland mine, set to create an estimated 150 to 200 long-term jobs.
Stanmore Coal and M Resources have agreed to buy the Millennium and Mavis Downs metallurgical coal mine near Moranbah as part of a 50/50 joint venture called MetRes.
An underground expansion, along with continuation and completion of rehabilitation is tipped for the site after it was acquired from Peabody Resources.
MetRes chair Matt Latimore said the investment presented a great opportunity for an innovative and agile operation, with access to existing critical infrastructure already in place.
Stanmore Coal (ASX:SMR) has entered into a joint venture to purchase the Millennium and Mavis Downs Mine from Peabody Energy Australia for $1.25 million.