Isaac Plains coal sales kick in for Stanmore

STANMORE Coal has reported an annual operating loss of $19.7 million for the 2015-16 compared to the $12 million loss for the previous corresponding period with first coal sales revenue from its Isaac Plains coal mine in Queensland delivering $12.7 million in the financial year.

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The loss was driven in part by one-off transaction and start-up costs and working capital requirement relating to the restart of mining activities at Isaac Plains.

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