MetRes, a joint venture (JV) between Stanmore Coal and M Resources, has acquired the Millennium and Mavis Downs coal mine in Queensland from Peabody Energy.
Stanmore Coal has partnered with Blue Energy to develop an agreement to capture, process and market its mine gas from the proposed Isaac Plains underground coal mine project in the North Bowen Basin.
Stanmore Coal has completed the bankable feasibility study (BFS) for its Isaac Downs project in Queensland, confirming continuity of operations at the Isaac Plains complex.
Stanmore Coal has cushioned itself from the blow of plunging thermal coal prices by concentrating its operations on metallurgical coal.
Keep up with the latest executive movements across the mining sector, including at Caterpillar, Newcrest Mining, Stanmore Coal and more.
Keep up with the latest executive appointments across the mining sector, headlined by the resignation of Stanmore Coal chief executive Craig McCabe.
The Queensland Government has backed Stanmore Coal’s Isaac Downs project near Moranbah by naming it a prescribed project for the state.
Stanmore Coal’s board has urged shareholders to accept an offer from Singapore-based Golden Investments to buy-out the company.
Stanmore Coal has flagged a reduction in its coal exports starting June, forcing the company to slash its earnings guidance for the 2020 financial year.
Singapore-based Golden Investments has made an on-market takover offer for all of the shares in Stanmore Coal that it does not already own or control.
Stanmore Coal has finished the first half of the 2020 financial year by delivering 1.57 million tonnes of run of mine coal to the coal handling and processing plant (CHPP) at the Isaac Plains coal complex in Queensland.
The energy and resources sector accounted for 30 per cent of public merger and acquisition (M&A) deals in the 2019 financial year.
Stanmore Coal has received an acquisition proposal from Winfield Group Investments for an equity valuation of $390 million to $442 million.
Stanmore Coal’s largest shareholder, Golden Investments, has requested an extraordinary general meeting (EGM) in an attempt to remove the company’s chief executive and chairman.
Stanmore Coal has posted a company record in the June quarter to finish its 2019 financial year with 2.39 million tonnes of product.
Stanmore Coal has acquired a 600-tonne excavator, the CAT 6060, from Hasting Deering for its Isaac Plains East mine.
Stanmore Coal and NRW Holdings are set to maintain run-of-mine (ROM) coal volumes from the Isaac Plains East mine in Moranbah, Queensland with the addition of a third truck and excavator fleet.
Singaporean company Golden Investments will not increase or extend its $240 million takeover offer for Stanmore Coal beyond next week’s deadline.
The board of Stanmore Coal has turned down Golden Investments’ $240 million takeover bid, calling it “inadequate”.
The Queensland-focused coal miner is the target of a $240 million takeover offer from a subsidiary of Indonesia’s Golden Energy and Resources.