With sufficient allocation to meet existing and brownfield needs, Yancoal exports 100% of its product through five eastern Australian ports into the Asian market.
- Newcastle Infrastructure Group (“NCIG”) Coal Terminal (Yancoal 27%)
Yancoal continues to be one of five company shareholders involved in the $2.5 billion NCIG export coal terminal in Newcastle, New South Wales. Yancoal has a 27% ownership with an allocation of approximately 19.6Mt per annum (100 percent basis).
The Moolarben Coal mine is the largest of Yancoal’s Hunter based mines to use the terminal.
- Port Waratah Coal Services (“PWCS”) (Yancoal 36.5%)
Yancoal has take-or-pay contracts with PWCS for the export of coal through the terminals at Newcastle, with a port allocation of approximately 35.1Mt (100% basis). Yancoal acquired a 36.5 percent ownership of PWCS as part of the Coal & Allied acquisition.
- Wiggins Island Coal Export Terminal (“WICET”) (Yancoal 9.4%)
Yancoal is one of five owners of WICET, which has a capacity of 27.0Mt per annum. Yancoal’s contracted capacity is 1.5Mt per annum, allocated to the Yarrabee Mine.
Yancoal is supported by the following rail networks to transport product from mine to port:
• The NSW Hunter Valley Coal Chain supports the Moolarben, Austar, Ashton and Stratford Duralie operations, with coal transported to the Port of Newcastle;
• The QLD Blackwater System supports the Yarrabee operation, transporting coal to the Port of Gladstone;
• The QLD Goonyella System supports the Middlemount operation, with coal transported to the Port
of Hay Point and Abbot Point Coal Terminal.
Take or Pay
Yancoal has take-or-pay commitments related to rail and port services.
Yancoal continues to implement strategic measures to reduce take-or-pay exposure across the Group by trading between sites and with other users.