The contract term can be extended for another two-years at Stanmore's discretion.
Debt facility a key part of Stanmore's $1.35B purchase of BMC.
The acquisition provides a strong platform for further value accretive acquisitions.
Thundberg has contributed to higher coal prices which Stanmore will enjoy when it acquires BMC.
BMC's assets are in close proximity to Stanmore's.
September quarter coal sales of 723,000t reflected strong mine and coal prep plant performance.
With the move to Isaac Downs, lower strip ratios and higher-ranking coking coals are forecast.
There was a downsizing of fleet size to control costs from the challenging market conditions.
Involves transitioning from surface to underground operations.
The quarterly RoM strip ratio was 9.2 compared to 11.1 in June 2020.
Project has all the approvals needed to allow construction and mining to start.
The project will have a total production of 13.9Mt of metallurgical coal during its lifetime.