Coal miner Stanmore Coal on Wednesday announced that it would defer the development of its Isaac Plains underground project, in Queensland.
The miner told shareholders that while a bankable feasibility study on the underground operation had confirmed a positive business case for a 1.2-million tonne a year operation, the quantum of product tonnes forecast from the underground operation, combined with the opencut sources exceeded the current coal handling and processing plant (CHPP) and contracted port capacity.