Yancoal
| Company type | Dual-listed |
|---|---|
| ASX: YAL SEHK: 3668 | |
| 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 |
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]
Assets
Current
New South Wales
- Ashton[6]
- Hunter Valley Operations (49%) with Glencore[7]
- Moolarben[8]
- Mount Thorley Warkworth[9]
- Stratford Duralie[10]
Queensland
- Cameby Downs[11]
- Middlemount (50%) with Peabody[12]
- Yarrabee[13]
Western Australia
- Premier Coal, purchased from Wesfarmers in September 2011[14][15]
Former
References
- ^ History Yancoal
- ^ Yancol Australia Limited Admission to Official List Australian Securities Exchange 26 June 2012
- ^ Rio Tinto waves goodbye to Coal & Allied Australian Mining 1 September 2017
- ^ Rio Tinto completes divestment of Coal & Allied Investments Limited for $2.69 Billion Rio Tinto 1 September 2017
- ^ Yancoal to dual list onto Hong Kong exchange Sydney Morning Herald 2 July 2018
- ^ About Ashton Coal
- ^ Hunter Valley Operations Yancoal
- ^ About Moolarben Coal
- ^ Mount Thorley Warkworth Yancoal
- ^ Stratford Duralie Yancoal
- ^ Cameby Downs Yancoal
- ^ Ownership Middlemount Coal
- ^ Yarrabee Yancoal
- ^ "Premier". Yancoal. Retrieved 17 September 2022.
- ^ "Sale of Premier Coal". Wesfarmers. Archived from the original on 15 March 2017. Retrieved 17 September 2022.
- ^ About Us Austar Coal Mine
- ^ Yancoal closes 100 year old mine near Cessnock NBN News 27 February 2021
- ^ About Donaldson Coal
- ^ Yancoal's Donaldson coal to shut down Australian Mining 3 March 2016