Yancoal
| Company type | Dual-listed |
|---|---|
| ASX: YAL SEHK: 3668 | |
| Industry | Mining |
| Founded | 2004 |
| Headquarters | , Australia |
| Products | Coal |
| Revenue | $5.4 billion (2021) |
| $791 million (2021) | |
Number of employees | 4,500 (2021) |
| Parent | Yanzhou Coal (62.5%) |
| Website | www |
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
[edit]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 (Mt) of run-of-mine (ROM) coal (an increase from the previous quarter’s 8.3Mt) during the June quarter with 8.6Mt.[6]
Assets
[edit]Current
[edit]New South Wales
[edit]- Ashton[7]
- Hunter Valley Operations (49%) with Glencore[8]
- Moolarben[9]
- Mount Thorley Warkworth[10]
- Stratford Duralie[11]
Queensland
[edit]- Cameby Downs[12]
- Middlemount (50%) with Peabody[13]
- Yarrabee[14]
Western Australia
[edit]- Premier Coal, purchased from Wesfarmers in September 2011[15][16]
Former
[edit]References
[edit]- ^ History Yancoal
- ^ Yancol Australia Limited Admission to Official List Australian Securities Exchange 26 June 2012
- ^ Rio Tinto waves goodbye to Coal & Allied Australian Mining 1 September 2017
- ^ Rio Tinto completes divestment of Coal & Allied Investments Limited for $2.69 Billion Rio Tinto 1 September 2017
- ^ Yancoal to dual list onto Hong Kong exchange Sydney Morning Herald 2 July 2018
- ^ Thomson, Olivia (22 July 2024). "Solid production for Yancoal and Whitehaven". Australian Mining. Retrieved 26 July 2024.
- ^ About Ashton Coal
- ^ Hunter Valley Operations Yancoal
- ^ About Moolarben Coal
- ^ Mount Thorley Warkworth Yancoal
- ^ Stratford Duralie Yancoal
- ^ Cameby Downs Yancoal
- ^ Ownership Middlemount Coal
- ^ Yarrabee Yancoal
- ^ "Premier". Yancoal. Retrieved 17 September 2022.
- ^ "Sale of Premier Coal". Wesfarmers. Archived from the original on 15 March 2017. Retrieved 17 September 2022.
- ^ About Us Austar Coal Mine
- ^ Yancoal closes 100 year old mine near Cessnock NBN News 27 February 2021
- ^ About Donaldson Coal
- ^ Yancoal's Donaldson coal to shut down Australian Mining 3 March 2016