Queensland Minister for Resources, the Hon. Scott Stewart, today announced the final government approvals and go-ahead for Stanmore Coal’s Isaac Downs mine, located approximately 10 kilometres south-east of Moranbah.
The Isaac Plains coal mine was placed under care and maintenance by former owners in 2014 and was acquired by Stanmore Coal in 2015. Stanmore recommenced mining in February 2016 with first product coal in April and first coal shipped in May 2016. The mine now supports the employment of up to 300 people.
Mining is expected to ramp down at Isaac Plains East later this year and transition to the newly approved Isaac Downs pit by late January 2022.
Isaac Downs is expected to produce up to 2.5 million tonnes per annum of metallurgical coal for up to 10 years, as well as $200 million in royalties. Coal will be transported by rail to the Dalrymple Bay Coal Terminal for export.
“This project will mean mining jobs for another 10 years, including for the 300 mine workers currently at Isaac Plains, as well as jobs completing rehabilitation in the Isaac Plains East area until 2025,” Minister Stewart said.
“Isaac Downs will create up to 250 new construction jobs and business opportunities in and around Moranbah, as well as broader economic benefits for the Isaac region.”
Stanmore Chairman, Dwi Suseno, said the approval of the Isaac Downs mining leases was a major milestone for the company.
“This enables us to proceed with a critical project for the longevity and extension of the open-cut operations supporting our Isaac Plains Complex, maintaining Stanmore as a competitive producer of essential ingredients for steel production by our global customers,” Mr Suseno said.
Stanmore Chief Executive Officer, Marcelo Matos, added: “Stanmore is committed to participating in community development in the Isaac region and Isaac Downs will ensure ongoing employment opportunities for the Moranbah area as well as enhancing the economic development of the region.”