First coal was taken in April. Stanmore purchased the mine for $1 last November, taking ownership at the same time of $250 million in assets including a dragline, coal handling plant and train loading facilities.
Isaac Plains is expected to produce 1.1 million metric tons (mt) annually with a workforce of at least 150. Output will be exported to Asian steel mills.
The mine’s life was recently extended from three to more than 10 years after the compliant coal resources and reserves for it and neighbor Isaac Plains East were upped to 76.9 million mt and 15.7 million mt, respectively.
