Yancoal
Australian coal mining company
From Wikipedia, the free encyclopedia
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.
| Company type | Dual-listed |
|---|---|
| Industry | Mining |
| Founded | 2004 |
| Headquarters | , Australia |
| Products | Coal |
| Revenue | $5.4 billion (2021) |
| $791 million (2021) | |
Number of employees | 4,500 (2021) |
| Parent | Yanzhou Coal (62.5%) |
| Website | www |
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 (31 billion pounds) of run-of-mine coal (an increase from the previous quarter’s 8.3 million tonnes or 18 billion pounds) during the June 2024 quarter with 8.6 million tonnes (19 billion pounds).[incomprehensible][6]
Assets
Current
New South Wales
Queensland
- Cameby Downs[12]
- Middlemount (50%) with Peabody[13]
- Yarrabee[14]
Western Australia
- Premier Coal, purchased from Wesfarmers in September 2011[15][16]