Stanmore cashed up for pre-strip

STANMORE Coal has completed a $15 million equity raising to replenish its working capital available for pre-strip and inventory stockpile build at Isaac Plains open cut coal mine in Queensland’s Bowen Basin.

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Stanmore cashed up for pre-strip Stanmore cashed up for pre-strip Stanmore cashed up for pre-strip Stanmore cashed up for pre-strip Stanmore cashed up for pre-strip

Stanmore Coal's Isaac Plains' coal mine in Queensland.

This will improve the efficiency of operations and also provide an important buffer to finished inventory ensuring product availability for sales, according to chairman Neville Sneddon.

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