Yarrabee and Middlemount: success story
FULL year financial results for 2018 showed Yancoal’s Australian operations are performing well, with a record annual total saleable coal production of 50 million tonnes (32.9mt attributable) up 59 per cent from 31.5mt (or 18.5mt attributable) in 2017. Yancoal’s coal mining operations produce a mix of premium thermal, semi-soft coking, and PCI coals, together with mid-to–high ash thermal coals. To maximise pricing opportunities, Yancoal also has the diversity of product types and mining operations to blend Run-of-Mine (“ROM”) and washed coal (“Saleable”) to meet specific customer needs. ROM production was 17.3mt – up 9pc compared to the previous corresponding period (PCP) – and saleable coal production was up 2pc over the PCP at 13mt. Yancoal chairman Baocai Zhang stated that…