Feb 10, 2016

Isaac Plains drill and blast contract awarded

Isaac Plains drill and blast contract awarded

NRW Holdings subsidiary Action Drill & Blast has scored a $40 million deal for the provision of services at Stanmore Coal’s Isaac Plains mine near Moranbah in Central Queensland.

The company said it had reached in-principle agreement with Golding Contractors for drill and blast work over a 36-month term.

Golding Contractors has a three-year mining contract to operate the mine, which is expected to resume production in April after being mothballed by previous owners.

Stanmore Coal bought the coking coal operation from Vale and Sumitomo Corporation last year, when it also acquired the adjacent Isaac Plains East tenement (formerly known as Wotonga).

It is targeting an initial production rate of 1.1Mt per annum.

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