BMC Assets Boost Stanmore Production
PERTH (miningweekly.com) – Coal miner Stanmore Coal’s integration of the coal assets of BHP Mitsui Coal (BMC) continued in the three months to June, after the company finalized the acquisition of an 80% interest in the assets in May.
Stanmore on Thursday reported that run-of-mine coal production for the quarter ended June reached 2.9 million tonnes, compared to 1.02 million tonnes produced in the March quarter, while marketable coal production during in the June quarter reached 2.2 million tonnes. , up from the 565,000 t produced in the March quarter.
Of coal produced, Stanmore’s share of ROM production was 2.5 million tonnes in the quarter, while its share of marketable coal production was 2 million tonnes.
“The completion of the BMC acquisition and the transition of employees and operating assets to Stanmore marks an important time in our history. Production for the quarter was strong despite the off-season rainy weather experienced mid-quarter. The market continues to be volatile, with growing inflationary cost pressures from supply chain constraints and a tight labor market,” the CEO of Stanmore said. Marcelo Matos.
Year-to-date, Stanmore reported run-of-mine production of 3.9 million tonnes and salable coal production of 2.8 million tonnes.
For the quarter ended June, coal sales were 2.4 million tonnes and for the full year 2.9 million tonnes, while inventories of coal produced at the end of both periods s amounted to 0.5 million tonnes. Stanmore’s share of total coal sales was recorded at 2.1 million tonnes in the June quarter and 2.7 million tonnes year-to-date.