Yancoal

Yancoal has flagged the possibility of an underground operation at the Mount Thorley Warkworth thermal and coking coal project in New South Wales.

Australia’s mid-tier mining companies have outperformed the remainder of the mining sector in 2020, according to statistics from Pricewaterhouse Coopers (PwC).

The 2020 Australian Mining Prospect Awards have proceeded despite this year’s challenges, to honour the best and brightest in the industry.

Joint venture (JV) partners Yancoal and Glencore are set to stand down contract staff at their Hunter Valley coal operations in New South Wales.

The Contribution to Mining award recognises an individual who has gone above and beyond within the mining industry over the past two years.  

Yancoal is confident that the company is well placed to manage Australia’s uncertain market relationship with China and the current lows in coal prices.

Yancoal is closely monitoring the condition of international coal markets to best assess how its business will be impacted for the remainder of 2020 and beyond.

BHP is reportedly struggling to find a suitable offer for the sale of its Mt Arthur thermal coal mine in New South Wales.

New Hope Group has appointed a new chief executive, Reinhold Schmidt, who will transfer from the same position at Yancoal Australia in September.

Yancoal has finished the March quarter with 16 million tonnes run of mine coal produced, an 8 per cent drop from the same period last calendar year.

Yancoal has temporarily suspended operations at several Hunter Valley mines in New South Wales for a few days due to poor air quality resulting from bushfires.

Australia’s mid-tier mining sector has experienced a mixed year for commodity prices, but has still reached its highest total market cap since the boom times of 2011.

Yancoal Australia has struck a supply agreement with Glencore Australia Oil to purchase diesel fuel from next month.

Yancoal chief executive Reinhold Schmidt has blamed global market conditions for a fall in output at the company’s coal operations during the September quarter.

Yancoal has been affected by restrictions to Australian thermal coal deliveries into China during the June quarter, resulting in lower sales for the period.

Middlemount Coal has confirmed the death of a mineworker after a high wall collapsed on to an excavator with the worker inside.

Technological advancements, workforce changes, community collaborations and environmental challenges are the focus at this year’s Asia-Pacific’s International Mining Exhibition (AIMEX).

Moolarben Coal Operations, a Yancoal subsidiary, has received conditional approval to increase production rates in its Moolarben joint venture (JV) project in New South Wales’ Central West.

Rail operator Aurizon has signed agreements with coal mining customers for a revised rail access deal via the Central Queensland Coal Network (CQCN).

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