Original article by Peter Ker
The Australian Financial Review – Page: 23 : 19-May-16
Stanmore Coal MD Nick Jorss says the listed group is considering further acquisitions in the coal sector, as a number of large players look to divest assets. Stanmore bought the Isaac Plains coking coal mine in Queensland from Vale and Sumitomo in mid-2015. Stanmore has resumed production at the mine and will target annual output of 1.1 million tonnes a year, compared with 2.8 million annually when the mine was mothballed in 2014.
CORPORATES
STANMORE COAL LIMITED – ASX SMR, VALE SA, SUMITOMO CORPORATION, RIO TINTO LIMITED – ASX RIO, ANGLO AMERICAN PLC, PEABODY ENERGY CORPORATION, ARROW ENERGY LIMITED