
Stanmore Coal: A Big Deal
All images: Stanmore Coal. BY ELIZABETH FABRI THREE years; that’s all it took for Stanmore Coal to turn the two-year Isaac Plains mine into a 15-year mega project. Through strategic (and timely) acquisitions, Stanmore Coal now has a strong footprint in the Bowen Basin, and healthy cash flow as coal prices remain strong. Stanmore Coal’s purchase of the shuttered Isaac Plains mine several years ago was a watershed moment for the then-explorer. In 2015, the coal market was in the depths of a downturn. Prices were so bad many companies were looking for an out, but Stanmore Coal had other plans. In July 2015, the company entered a deal to pick up Peabody subsidiary Millennium Coal’s undeveloped Wotonga (Isaac Plains…