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2015-08-01 — bloomberg.com
Production from Isaac Plains began in 2006 and continued through 2014, when it was closed. Its peak output was 2.8 million tons a year, with coal sold to steelmakers in Japan, South Korea and Taiwan. Stanmore said it would be responsible for A$32 million in rehabilitation costs linked to the mine.
The company plans to restart output at Isaac Plains at a reduced production rate. It sees "significant" synergies with its adjacent Wotonga deposit, only recently acquired and yet to be exploited. It's also secured a $42 million loan from Taurus Mining Finance Fund to help finance a return to production.
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