Yancoal Australia Ltd (Yancoal) is Australia's largest pure-coal producer.
Operating five mines and managing five others across New South Wales, Queensland and Western Australia, Yancoal also has a ~50% share in the Middlemount joint venture.
Yancoal currently employs approximately 5,500 people, sourcing the majority of its people from the local communities in which it operates.
Yancoal’s New South Wales region includes the mines of Hunter Valley Operations, Mount Thorley Warkworth, Moolarben and Stratford Duralie, with the Queensland region comprising of Yarrabee and the Middlemount Joint Venture.
Listed on the Australian Securities Exchange, Yancoal also manages the Cameby Downs and Premier coal mines in Queensland and Western Australia respectively, on behalf of its majority shareholder Yanzhou Coal Mining Company Limited (Yanzhou) and the Ashton, Austar and Donaldson underground mines in New South Wales on behalf of Watagan Mining Company Pty Ltd (Watagan).
As at 1 September 2017, Yancoal had 43,959,388,122 shares on issue. The two largest shareholders are Yanzhou Coal with 65.46% holding and Cinda International with 16.7%.
Yancoal produced approximately 16.0 million tonnes of saleable (equity basis) thermal and metallurgical coal in 2016 for export into international markets.
Following the acquisition of Coal & Allied, Yancoal has revised its 2017 guidance for saleable production to a new estimate of 20.0 million - 23.0 million tonnes equity share.