HIGHER operating costs resulting from lower production volumes have eaten into Stanmore Coal's interim earnings and revenues - leading to a 194% and 57% decline respectively.
Isaac Plains introduced downsizing of fleet size to control costs from the challenging prevailing market conditions.
For the six months to June, the company reported revenues of $93.7 million and a loss of $15.4 million. The decrease was driven by a $38.40/t drop in the Australian dollar realised price to an average...
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