Original article by Perry Williams
The Australian Financial Review – Page: 19 : 31-Jul-15

Australian-listed Stanmore Coal has paid just $A1 for the Isaac Plains coal mine in Queensland’s Bowen Basin. Japan-based Sumitomo had paid $A430m for Aquila Resources’ 50 per cent stake in the mine in 2011. The downturn in coal prices prompted joint owners Sumitomo and Vale to mothball the mine in September 2014 and put it on the market. Stanmore aims to resume production at Isaac Plains in the first six months of 2016.

CORPORATES
STANMORE COAL LIMITED – ASX SMR, AQUILA RESOURCES LIMITED, SUMITOMO CORPORATION, VALE SA, SHANGHAI BAOSTEEL GROUP CORPORATION, AURIZON HOLDINGS LIMITED – ASX AZJ