trending Market Intelligence /marketintelligence/en/news-insights/trending/qKqYCrnaJZxv688b-S3Vew2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Yancoal's Q4, FY'18 attributable coal output surges YOY

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Yancoal's Q4, FY'18 attributable coal output surges YOY

Yancoal Australia Ltd.'s attributable salable coal production in the fourth quarter of 2018 climbed 18% year over year to 8.4 million tonnes.

The company said Jan. 18 that all three of its tier-one thermal coal assets — Moolarben, Mount Thorley and the Hunter Valley Operations joint venture all in New South Wales, Australia — achieved high extraction rates throughout the reporting period.

Production at Mount Thorley Warkworth and Hunter Valley increased 30% and 12%, respectively, to 3.5 million tonnes and 3.8 million tonnes, partially offset by a 3% decline at Moolarben to 3.2 million tonnes.

Total attributable coal sales in the quarter improved 4% on a yearly basis to 10.1 million tonnes, including a 17% increase in thermal coal sales to 7.4 million tonnes, partially offset by a 19% decline in metallurgical coal sales to 2.7 million tonnes.

For the full year, Yancoal's attributable coal production grew 78% year over year to 32.9 million tonnes, while attributable coal sales surged 68% to 37.1 million tonnes.

The company, which is majority-owned by Yanzhou Coal Mining Co. Ltd., anticipates attributable salable coal production of approximately 35 million tonnes in 2019.