Mine’s first shipment of coal bound for Korea

THERE were plenty of smiles on the faces of people on a coal ship at Dalrymple Bay.

Stanmore Coal's site superintendent Darren King and the project manager for Golding at Isaac Plains mine, Graham Wicks, were on the Solar Ember, which will take on the first delivery of coal from the newly reopened Isaac Plains mine.

The ship will be loaded today with the mine's first shipment of coal, which is bound for Korea.

Mr King, yesterday, said it was a major milestone for Stanmore Coal, which bought the mine - mothballed since September 2014 - for $1 in July last year from Sumitomo and Vale.

"We are a small Australian company," he said.

"To be able to pick up an asset, find some residual value in that asset and then turn it into a profitable enterprise it is a major milestone and success for Stanmore Coal.

"We have signed contracts with major Korean and Japanese steel makers. There will be other shipments coming up within the next couple of months going to a major Japanese steel mill."

Mr King said there was a bright future for the new mining company.

Mr Wicks said it was good to see the hard work pay off.

"This is a big thing for us for a whole lot of reasons," he said.

"We are very happy to partner with a company like Stanmore as we see some continually long-term benefit.

"There are not a lot of contracts to be won right now, so it's great to win one with a client that thinks along the same lines we do."



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