Yancoal Explained

Type:	Dual-listed
Traded As:
Industry:	Mining
Foundation:	2004
Location City:	Sydney
Location Country:	Australia
Products:	Coal
Revenue:	$5.4 billion
Revenue Year:	2021
Net Income:	$791 million
Net Income Year:	2021
Num Employees:	4,500
Num Employees Year:	2021
Parent:	Yanzhou Coal (62.5%)

Yancoal is an Australian coal mining company operating mines in New South Wales, Queensland and Western Australia. A dual-listed company on the Australian Securities Exchange and the Hong Kong Stock Exchange, Yancoal is majority owned by the Yankuang Group.

History

Yancoal was established in 2004 with the acquisition of the Austar coal mine in the Hunter Valley.^[1] In June 2012 it was listed on the Australian Securities Exchange.^[2] In September 2017 Coal & Allied was purchased by Yancoal from Rio Tinto.^{[3] [4]} In December 2018 Yancoal became a dual-listed company when it was listed on the Hong Kong Stock Exchange.^[5]

Yancoal produced 13.9 million tonnes (Mt) of run-of-mine (ROM) coal (an increase from the previous quarter’s 8.3Mt) during the June quarter with 8.6Mt.^[6]

Assets

Current

New South Wales

• Ashton^[7]
• Hunter Valley Operations (49%) with Glencore^[8]
• Moolarben^[9]
• Mount Thorley Warkworth^[10]
• Stratford Duralie^[11]

Queensland

• Cameby Downs^[12]
• Middlemount (50%) with Peabody^[13]
• Yarrabee^[14]

Western Australia

• Premier Coal, purchased from Wesfarmers in September 2011^{[15] [16]}

Former

• Austar^{[17] [18]}
• Donaldson^{[19] [20]}

Notes and References

1. https://www.yancoal.com.au/page/en/about/history/ History
2. https://www.asx.com.au/asxpdf/20120628/pdf/4272wl9v75wsfc.pdf Yancol Australia Limited Admission to Official List
3. https://web.archive.org/web/20210304063624/https://www.australianmining.com.au/news/rio-tinto-waves-goodbye-coal-allied/ Rio Tinto waves goodbye to Coal & Allied
4. https://web.archive.org/web/20220202194208/https://www.riotinto.com/en/news/releases/Coal-and-Allied-divestment-completed Rio Tinto completes divestment of Coal & Allied Investments Limited for $2.69 Billion
5. https://www.smh.com.au/business/the-economy/yancoal-to-dual-list-onto-hong-kong-exchange-20180702-p4zoyp.html Yancoal to dual list onto Hong Kong exchange
6. Web site: Thomson . Olivia . 2024-07-22 . Solid production for Yancoal and Whitehaven . 2024-07-26 . Australian Mining . en-AU.
7. https://www.ashtoncoal.com.au/page/about/ About
8. https://www.yancoal.com.au/page/en/assets/mine-sites/hunter-valley-operations/ Hunter Valley Operations
9. http://www.moolarbencoal.com.au/page/about-us/ About
10. https://www.yancoal.com.au/page/en/assets/mine-sites/mount-thorley-warkworth/ Mount Thorley Warkworth
11. https://www.yancoal.com.au/page/en/assets/mine-sites/stratford-duralie/ Stratford Duralie
12. https://www.yancoal.com.au/page/en/assets/mine-sites/cameby-downs/ Cameby Downs
13. https://www.middlemountcoal.com.au/ownership Ownership
14. https://www.yancoal.com.au/page/en/assets/mine-sites/yarrabee/ Yarrabee
15. Web site: Premier . Yancoal . 2022-09-17 .
16. Web site: Sale of Premier Coal . live . https://web.archive.org/web/20170315211558/https://www.wesfarmers.com.au/who-we-are/our-history/sale-of-premier-coal . 2017-03-15 . Wesfarmers . 2022-09-17 .
17. http://www.austarcoalmine.com.au/page/about-us/ About Us
18. https://web.archive.org/web/20210227072205/https://www.nbnnews.com.au/2021/02/27/yancoal-closes-100-year-old-mine-near-cessnock/ Yancoal closes 100 year old mine near Cessnock
19. https://www.doncoal.com.au/page/about About
20. https://www.australianmining.com.au/news/yancoals-donaldson-coal-to-shut-down/ Yancoal's Donaldson coal to shut down