Surat Basin coal’s unique environmental features provide long term certainty around coal quality and emission controls, the company told a coal conference in Tokyo.
“Investment in the Surat Basin creates the opportunity to control a substantial body of low cost export grade thermal coal in any jurisdiction with low sovereign risk and strong historical investment ties to Japan.
“It is a well-defined infrastructure solution awaiting mine asset investment support.”
Stanmore said there is government support for opening the Northern Surat Basin and finance available from various infrastructure investors.
“Stanmore Coal’s The Range Project is significantly advanced having completed a bankable feasibility study and EIS,” Stanmore said.
“With [major investor] JOGMEC support, Stanmore is proving up other nearby deposits which will add critical mass to the planned Surat Basin Rail line.”