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About

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 3,000 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 Moolarben, Hunter Valley Operations, Mount Thorley Warkworth 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 31 December 2018, Yancoal had 1,320,439,437 shares on issue. The two largest shareholders are Yanzhou Coal with 62.26% holding and Cinda International with 15.89%.

Yancoal produced approximately 32.9 million tonnes of saleable (attributable basis) thermal and metallurgical coal in 2018 for export into international markets.

For the 2019 year Yancoal is aiming to produce approximately 35 million tonnes of saleable coal (attributable basis) at an operating cost of A$63.50 per tonne Free-on-Board (excluding royalty charges).