Yancoal is a leading low-cost Australian coal producer in the global seaborne market, producing a mix of premium thermal, semi-soft coking and PCI coals for export.
Since 2004, Yancoal has built its business through strategic acquisitions; now owning, operating or participating in 11 coal mines across NSW, Queensland and Western Australia. In 2020, Yancoal produced 38.3 million tonnes of saleable coal for export into international markets. Over the past two years, Yancoal has paid dividends to shareholders totalling almost $1 billion.
Yancoal is a public company, listed on both the Australian Securities Exchange (ASX: YAL) and the Hong Kong Stock Exchange (HKSE: 3668), and is majority owned by Yanzhou Coal Mining Company Limited (Yanzhou).
Yancoal’s New South Wales mines include Moolarben, Hunter Valley Operations, Mount Thorley Warkworth, Stratford-Duralie, Ashton, Austar and Donaldson. Queensland mines include Yarrabee and the Middlemount Joint Venture. Yancoal also manages the Cameby Downs and Premier coal mines in Queensland and Western Australia respectively, on behalf of Yanzhou.
Yancoal currently supports around 4,400 full time employees, sourcing the majority of its people from the local communities in which it operates.
Demand for high-quality coal remains strong across Asia, where it is generally accepted that coal plays an important part in economic growth and development. In recent years, Yancoal’s annual thermal coal export volumes would have powered around 30 million households in the region (this equates to one year of electricity production in Australia), and metallurgical coal exports could have produced 3.5 million tonnes of steel (equivalent to the amount required to construct around 70 Sydney Harbour Bridges).