Tag: Yancoal

FOR almost 40 years, Mount Thorley Warkworth has been producing coal just out of Singleton in the Hunter Valley region of NSW. The two open cut mines – Mount Thorley (Yancoal and POSCO, 80:20  respectively) and Warkworth (Yancoal, Nippon Steel and Mitsubishi Materials,  84.5:9.5:6 respectively)  – operate side-by-side and use dragline truck and shovel methods to produce medium and high-ash thermal coal and semi-soft coking coal for export. Yancoal is a Chinese state-owned organisation, and is also Australia’s largest pure-coal producer. The organisation operates five mines and manages five others across NSW, Queensland and WA, with a 50pc share in the Middlemount JV. 2018 was Yancoal’s first full year of attributable production from Mount Thorley Warkworth, following the 2017 acquisition,...

THE Hunter Valley region is undoubtedly one of NSW’s engine rooms, and a powerhouse of Australian mining. Its history goes all the way back to the early 1800s, when the government began mining the first coal in the colony’s history. Today, the Hunter Valley is home to more than 272,000 people and comprises 41 coal mines owned by 11 producers. It is spread over more than 450km, with coal haulage distance of up to 380km. There were more than 31 points for coal loading, four rail haulage providers delivering to three terminals, and as a collective, filled and exported more than 1400 coal vessels every year through the port of Newcastle. With the growing demand for coal in South East...

By Reuben Adams YANCOAL Australia will become one of Australia’s largest pure-play coal producers if its $US2.45 billion purchase of Rio Tinto’s Coal & Allied goes forward. 78 per cent-owned by Chinese State-owned Yanzhou Coal Mining Co, Yancoal Australia currently produces thermal and metallurgical coal each year for export, operating four sites and managing five others across NSW, Queensland and WA. After a healthy 2012, when it posted profits of $404.6m, Yancoal has struggled along with the rest of its coal industry peers – posting annual losses of $832m (2013), $353.5m (2014), $291.2m (2015), and most recently $227.1m (2016). Yet there could be light at the end of the tunnel; Yancoal is looking to snap its losing streak on the...