Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Stanmore Coal Limited    SMR   AU000000SMR4

STANMORE COAL LIMITED (SMR)
Mes dernières consult.
Most popular
  Report  
End-of-day quote. End-of-day quote  - 02/22
0.665 AUD   --.--%
2017STANMORE COAL L : - Board Transition
AQ
2017STANMORE COAL : December Operational Update
AQ
2017STANMORE COAL : Results of annual general meeting
AQ
SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector newsTweets

Stanmore Coal : December Operational Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/11/2017 | 01:56pm CET

Stanmore's coal exports from DBCT are being impacted by port congestion which is now expected to defer two planned December 2017 semi-soft coking coal shipments into January 2018 resulting in a revision to the underlying EBITDA guidance from $23m - $26m to $17m - $20m for the December 2017 half year.

Underlying EBITDA guidance $17m - $20m for December 2017 half year

FY 18 Production guidance of 1.2mtpa remains unchanged

Currently there are 45 vessels in the queue at Dalrymple Bay Coal Terminal (DBCT). The DBCT vessel queue is at 7-year highs (August 2010) which is impacting Stanmore's ability to deliver to market. The vessel queue is primarily due to a slower than expected clearing of the backlog caused by the impacts of Tropical Cyclone Debbie earlier this year when the Goonyella rail line was disrupted for over 5 weeks. Other Australian coal export ports are currently not experiencing similar shipping delays.

Whilst Stanmore is disappointed with the supply chain delays and the resultant timing impact on its revenues Stanmore has mitigated its risks and impacts by having Semi-soft coking coal sales under annual contract and accordingly the US$ price received is determined by quarterly pricing not on timing of shipments.

Vessel queues are expected to return to lower levels in early calendar 2018 and as a result, production guidance of 1.2mtpa for the FY18 remains unchanged and Stanmore's FY18 results are not expected to be materially impacted.

Contact:

Mr Dan Clifford

Tel: 07 3238 1000

ABOUT STANMORE COAL LIMITED (ASX CODE: SMR)

Stanmore Coal is an operating coal mining company with a number of additional prospective coal projects and mining assets within Queensland's Bowen and Surat Basins. Stanmore Coal owns 100% of the Isaac Plains Coal Mine and the adjoining Isaac Plains East Project and is focused on the creation of shareholder value via the efficient operation of Isaac Plains and identification of further local development opportunities. Stanmore continues to progress its prospective high quality thermal coal assets in the Northern Surat Basin which will prove to be valuable as the demand for high quality, low impurity thermal coal grows at a global level. Stanmore's focus is on the prime coal bearing regions of the east coast of Australia.

(C) 2017 Electronic News Publishing, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STANMORE COAL LIMITED
01/30STANMORE COAL : to launch first coal from Isaac Plains East in 2019
AQ
2017STANMORE COAL LIMITED : - Board Transition
AQ
2017STANMORE COAL : December Operational Update
AQ
2017STANMORE COAL : Results of annual general meeting
AQ
2017STANMORE COAL : Full Year Result FY2017
AQ
2017STANMORE COAL LIMITED : - Company Secretary Resignation
AQ
2017STANMORE COAL LIMITED : - Operational Update
AQ
2017STANMORE COAL : Operational update
AQ
2017STANMORE COAL : Exploration funding and offtake arrangements with jogmec
AQ
2017STANMORE COAL LIMITED : - Rail infrastructure update
AQ
More news
Chart STANMORE COAL LIMITED
Duration : Period :
Stanmore Coal Limited Technical Analysis Chart | SMR | AU000000SMR4 | 4-Traders
Technical analysis trends STANMORE COAL LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Managers
NameTitle
Dan Clifford Managing Director & Director
Stewart Butel Chairman
Bernie O'Neill General Manager-Operations
Ian Poole Chief Financial Officer & Joint Secretary
Stephen Grant Bizzell Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
STANMORE COAL LIMITED0.76%131
GLENCORE-0.51%81 663
CHINA SHENHUA ENERGY COMPANY LIMITED6.56%73 787
COAL INDIA16.92%29 627
SHAANXI COAL INDUSTRY CO LTD8.95%13 994
YANZHOU COAL MINING CO LTD11.91%10 666