Tag: Yarrabee

Yarrabee and Middlemount: success story

Yarrabee and Middlemount: success story

FULL year financial results for 2018 showed Yancoal’s Australian operations are performing well, with a record annual total saleable coal production of 50 million tonnes (32.9mt attributable) up 59 per cent from 31.5mt (or 18.5mt attributable) in 2017. Yancoal’s coal mining operations produce a mix of premium thermal, semi-soft coking, and PCI coals, together with mid-to–high ash thermal coals. To maximise pricing opportunities, Yancoal also has the diversity of product types and mining operations to blend Run-of-Mine (“ROM”) and washed coal (“Saleable”) to meet specific customer needs. ROM production was 17.3mt - up 9pc compared to the previous corresponding period (PCP) – and saleable coal production was up 2pc over the PCP at 13mt. Yancoal chairman Baocai Zhang stated that...

Production payoff for big spender Yancoal

Production payoff for big spender Yancoal

A map of Yancoal’s Mount Thorley Warkworth operation. Image: Yancoal. BY REUBEN ADAMS YANCOAL’S Australian thermal coal sales surged 123 per cent year-on-year in the March quarter, as it enjoys its second quarter of full output from the newly purchased $US2.9 billion Coal and Allied assets. Yancoal, now Australia’s largest independent coal producer, saw equity share of thermal coal sales from its Australian mines jump to 6.97mt from 3.12mt in the year ago period, but still down by 14 per cent from the December quarter. Its equity share of metallurgical coal sales volumes of 2.25mt was a 19 per cent increase on the year prior. In NSW, Moolarben saleable coal production was up 53 per cent on...