150 locals not FIFO workers to benefit from Stanmore plan

FIRST in line for the 150 jobs created at a new Stanmore Coal mine will be workers from Moranbah and Mackay.

On Wednesday news broke that the Isaac Plains coal mine 6km east of Moranbah would reopen in February.

Gladstone-based Golding Contractors was awarded its contract late Wednesday afternoon and principal mining engineer Dylan Pieters said it would look to employ "those living closest to the mine".

"To get a mining contract in this current market is a really good thing," Mr Pieters said.

"We want to employ people where the mine is at and we've already started advertising some of the positions."

But he said the bulk of the new jobs would be advertised soon, through seek.com and the company website.

Stanmore Coal's managing director Nick Jorss said the company would not employ FIFO workers "because it did not suit the business model", particularly with the mine on track to be one of the world's lowest-cost metallurgical coal mines.

He planned to reduce the cost of production for each tonne of coal by around 35% compared to the mine's previous performance.

Buying the mine for just $1 in July was a major cost-saving but Mr Jorss said it would also change its operation method.

"The model is definitely changing," Mr Jorss said.

"We are changing the method and maximising the amount of dragline.

"Moving overburden with dragline reduces costs."

More than $7 million in royalties, in addition to state and federal government taxes, would flow back to the state.

After the mine reopens in February Mr Jorss said the first coal shipments should leave in April, en route to Japan, Korea and Taiwan.

He hoped the mine would have a 10-year lifespan.

During that time it would set aside $32 million for the rehabilitation of the mine site.



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