New assets double Yancoal production
PERTH (miningweekly.com) – Coal miner Yancoal has reported a 102% increase in saleable coal production and a 96% increase in sales volumes for the June quarter, after completing the acquisition of a 49% interest in the Hunter Valley Operations, in New South Wales, in May this year.
The results also reflected Yancoal’s purchase of major Rio Tinto’s Coal & Allied subsidiary in 2017, for $2.69-billion.
Saleable coal production for the three months to June reached 12.7-million tonnes, up 129% on the previous corresponding period, with 9.16-million tonnes attributable to Yancoal.
Yancoal’s equity share of the sales volumes was also up by 96%, to 9.92-million tonnes, compared with the previous corresponding period. Thermal coal sales were up by 130%, to 7.6-million tonnes, while metallurgical coal sales were up by 31%, to 2.32-million tonnes.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation