Yancoal

Yancoal

Company type	Dual-listed
Traded as	ASX: YAL SEHK: 3668
Industry	Mining
Founded	2004
Headquarters	Sydney , Australia
Products	Coal
Revenue	$5.4 billion (2021)
Net income	$791 million (2021)
Number of employees	4,500 (2021)
Parent	Yanzhou Coal (62.5%)
Website	www.yancoal.com.au

Yancoal is an Australian coal mining company operating mines in New South Wales, Queensland and Western Australia. A dual-listed company on the Australian Securities Exchange and the Hong Kong Stock Exchange, Yancoal is majority owned by the Yankuang Group.

History

Yancoal was established in 2004 with the acquisition of the Austar coal mine in the Hunter Valley.[1] In June 2012 it was listed on the Australian Securities Exchange.[2] In September 2017 Coal & Allied was purchased by Yancoal from Rio Tinto.[3][4] In December 2018 Yancoal became a dual-listed company when it was listed on the Hong Kong Stock Exchange.[5]

Yancoal produced 13.9 million tonnes (31 billion pounds) of run-of-mine coal (an increase from the previous quarter’s 8.3 million tonnes or 18 billion pounds) during the June 2024 quarter with 8.6 million tonnes (19 billion pounds).^[incomprehensible][6]

Assets

Current

New South Wales

• Ashton[7]
• Hunter Valley Operations (49%) with Glencore[8]
• Moolarben[9]
• Mount Thorley Warkworth[10]
• Stratford Duralie[11]

Queensland

• Cameby Downs[12]
• Middlemount (50%) with Peabody[13]
• Yarrabee[14]

Western Australia

• Premier Coal, purchased from Wesfarmers in September 2011[15][16]

Former

• Austar[17][18]
• Donaldson[19][20]

References

1. History Yancoal
2. Yancol Australia Limited Admission to Official List Australian Securities Exchange 26 June 2012
3. Rio Tinto waves goodbye to Coal & Allied Australian Mining 1 September 2017
4. Rio Tinto completes divestment of Coal & Allied Investments Limited for $2.69 Billion Rio Tinto 1 September 2017
5. Yancoal to dual list onto Hong Kong exchange Sydney Morning Herald 2 July 2018
6. Thomson, Olivia (22 July 2024). "Solid production for Yancoal and Whitehaven". Australian Mining. Retrieved 26 July 2024.
7. About Ashton Coal
8. Hunter Valley Operations Yancoal
9. About Moolarben Coal
10. Mount Thorley Warkworth Yancoal
11. Stratford Duralie Yancoal
12. Cameby Downs Yancoal
13. Ownership Middlemount Coal
14. Yarrabee Yancoal
15. "Premier". Yancoal. Retrieved 17 September 2022.
16. "Sale of Premier Coal". Wesfarmers. Archived from the original on 15 March 2017. Retrieved 17 September 2022.
17. About Us Austar Coal Mine
18. Yancoal closes 100 year old mine near Cessnock NBN News 27 February 2021
19. About Donaldson Coal
20. Yancoal's Donaldson coal to shut down Australian Mining 3 March 2016