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

STANMORE COAL LIMITED (SMR)
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Stanmore Coal Limited : - Rail infrastructure update

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04/05/2017 | 06:17pm CET

Release date- 04042017 - Stanmore Coal Limited (Stanmore, the Company) refers to the ASX announcement made by the Company earlier today (3 April 2017 titled 'Rain Event Update') which provided an update on the Company's Isaac Plains Coal Mine (Mine) in relation to impacts from Tropical Cyclone Debbie (TC Debbie).

The Goonyella rail network infrastructure owner, Aurizon Holdings Limited (Aurizon, ASX:AZJ), provided an update to the ASX today1 that the Goonyella network has been impacted by significant land slips, west of the town of Sarina, based on initial assessments. Aurizon stated 'Further geotechnical assessment of this site will occur, however initial engineering assessment indicates recovery of the rail infrastructure will take approximately five weeks. Aurizon will examine alternative routing opportunities for impacted customers and rail operators as other systems become available in the coming weeks'.

Delays due to transport service delivery and potential extended shipping queues may impact sales for the remainder of FY2017. The Company will advise further as to any impacts on the full year production forecasts once the potential implications of the delays are understood.

Contact:

Mr Dan Clifford

Managing Director

Stanmore Coal Limited

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

Stocks mentioned in the article
ChangeLast1st jan.
AURIZON HOLDINGS LTD 1.52% 4.68 End-of-day quote.-7.06%
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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
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