Yancoal
{{short description |Australian coal mining company}}
{{Full citations needed |date=December 2024}}
{{use Australian English |date=September 2022}}
{{use dmy dates |date=September 2022}}
{{Infobox company
|name =
|type = Dual-listed
|traded_as = {{hlist
|{{ASX|YAL}}
|{{SEHK|3668}}
}}
|logo =
|industry = Mining
|foundation = 2004
|founder =
|defunct =
|location_city = Sydney
|location_country = Australia
|location =
|locations =
|area_served =
|key_people =
|products = Coal
|revenue = $5.4 billion
|revenue_year = 2021
|operating_income =
|income_year =
|net_income = $791 million
|net_income_year = 2021
|num_employees = 4,500
|num_employees_year = 2021
|parent = Yanzhou Coal (62.5%)
|website = {{official URL}}}}
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.[https://www.yancoal.com.au/page/en/about/history/ History] Yancoal In June 2012 it was listed on the Australian Securities Exchange.[https://www.asx.com.au/asxpdf/20120628/pdf/4272wl9v75wsfc.pdf Yancol Australia Limited Admission to Official List] Australian Securities Exchange 26 June 2012 In September 2017 Coal & Allied was purchased by Yancoal from Rio Tinto.[https://web.archive.org/web/20210304063624/https://www.australianmining.com.au/news/rio-tinto-waves-goodbye-coal-allied/ Rio Tinto waves goodbye to Coal & Allied] Australian Mining 1 September 2017[https://web.archive.org/web/20220202194208/https://www.riotinto.com/en/news/releases/Coal-and-Allied-divestment-completed Rio Tinto completes divestment of Coal & Allied Investments Limited for $2.69 Billion] Rio Tinto 1 September 2017 In December 2018 Yancoal became a dual-listed company when it was listed on the Hong Kong Stock Exchange.[https://www.smh.com.au/business/the-economy/yancoal-to-dual-list-onto-hong-kong-exchange-20180702-p4zoyp.html Yancoal to dual list onto Hong Kong exchange] Sydney Morning Herald 2 July 2018
Yancoal produced {{convert|13.9|e6t|e9lb|abbr=off}} of run-of-mine coal (an increase from the previous quarter’s {{convert|8.3|e6t|e9lb|abbr=off|disp=or}}) during the June 2024 quarter {{Incomprehensible span |date=December 2024 |reason=What does this mean? |text=with {{convert|8.6|e6t|e9lb|abbr=off}}.}}{{Cite web |last=Thomson |first=Olivia |date=2024-07-22 |title=Solid production for Yancoal and Whitehaven |url=https://www.australianmining.com.au/solid-production-for-yancoal-and-whitehaven/ |access-date=2024-07-26 |website=Australian Mining |language=en-AU}}
Assets
=Current=
==New South Wales==
- Ashton[https://www.ashtoncoal.com.au/page/about/ About] Ashton Coal
- Hunter Valley Operations (49%) with Glencore[https://www.yancoal.com.au/page/en/assets/mine-sites/hunter-valley-operations/ Hunter Valley Operations] Yancoal
- Moolarben[http://www.moolarbencoal.com.au/page/about-us/ About] Moolarben Coal
- Mount Thorley Warkworth[https://www.yancoal.com.au/page/en/assets/mine-sites/mount-thorley-warkworth/ Mount Thorley Warkworth] Yancoal
- Stratford Duralie[https://www.yancoal.com.au/page/en/assets/mine-sites/stratford-duralie/ Stratford Duralie] Yancoal
==Queensland==
==Western Australia==
- Premier Coal, purchased from Wesfarmers in September 2011{{cite web |url=https://www.yancoal.com.au/page/en/assets/mine-sites/premier/ |title=Premier |website=Yancoal |access-date=2022-09-17 }}{{cite web |url=https://www.wesfarmers.com.au/who-we-are/our-history/sale-of-premier-coal |url-status=live |archive-url=https://web.archive.org/web/20170315211558/https://www.wesfarmers.com.au/who-we-are/our-history/sale-of-premier-coal |archive-date=2017-03-15 |title=Sale of Premier Coal |website=Wesfarmers |access-date=2022-09-17 }}
=Former=
- Austar[http://www.austarcoalmine.com.au/page/about-us/ About Us] Austar Coal Mine[https://web.archive.org/web/20210227072205/https://www.nbnnews.com.au/2021/02/27/yancoal-closes-100-year-old-mine-near-cessnock/ Yancoal closes 100 year old mine near Cessnock] NBN News 27 February 2021
- Donaldson[https://www.doncoal.com.au/page/about About] Donaldson Coal[https://www.australianmining.com.au/news/yancoals-donaldson-coal-to-shut-down/ Yancoal's Donaldson coal to shut down] Australian Mining 3 March 2016
References
{{Reflist}}
{{Mining companies of Australia|state=collapsed}}
Category:Coal companies of Australia
Category:Companies based in Sydney
Category:Companies listed on the Australian Securities Exchange
Category:Companies listed on the Hong Kong Stock Exchange
Category:Dual-listed companies
Category:Non-renewable resource companies established in 2004