Moranbah South buy to strengthen Stanmore's Australian coal assets

Australia's Stanmore Resources Limited, a Sydney-listed coal miner, has agreed to acquire 100% interest in the Moranbah South coal project in central Queensland's Bowen Basin from South Africa-based resources company Exxaro Resources Limited, Stanmore has announced. The acquisition is part of Stanmore's efforts to strengthen synergies among its coal assets, it said.

Moranbah South is located immediately adjacent to two undeveloped Stanmore coal projects – Eagle Downs and the Isaac Downs Extension – making the tenements potentially accessible through mine infrastructure at Eagle Downs. "The [Moranbah South] tenements are strategically complementary to Stanmore's neighbouring projects," Marcelo Matos, Stanmore CEO, said in the