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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Yancoal Australia has highlighted a continued energy industry demand for high efficiency thermal coal after posting record production and earnings for 2018.
Coal producer Yancoal will ramp up exploratory work at its tier one assets to meet rising consumer demand following record production in 2018.
Yancoal has announced an initial public offer on the Hong Kong stock exchange that would see the company become listed on both the Australian and Hong Kong stock exchange.
Coronado Global Resources, the largest coking coal producer in the US, has announced an IPO expected to raise between $1.16–$1.39 billion in one of the biggest Australian mining floats since Yancoal’s listing as Yancoal Australia in 2012.
Yancoal’s acquisition of Rio Tinto’s Coal & Allied business unit in New South Wales last year has paid off for the company.
The Queensland-based contractor has established a strong relationship with equipment manufacturer Liebherr over the past two years.
Yancoal hopes to redeploy the majority its 205-strong workforce at the Austar coal mine after today starting a process to halt operations at the New South Wales site.
Fenner Dunlop’s redesigned rockbox transfer system and ongoing conveyor modifications at Yancoal Australia’s Ashton Coal underground mine are improving conveyor availability, reducing costs and minimising the potential for shutdowns usually associated with mining a narrow seam.
Rio Tinto has completed a $750 million off-market buy-back of the company’s shares, an increase on a $700 million target it had previously set due to strong demand.
The value of mergers and acquisitions (M&A) in Australia during the first three quarters of 2017 is already close to doubling what was recorded throughout last year.
Rio Tinto has completed the $2.69 billion sale of its thermal coal business Coal & Allied in the New South Wales Hunter Valley to Yancoal Australia.
With Yancoal set to acquire Rio Tinto’s Coal & Allied division, Glencore has secured an agreement with the Chinese-controlled company to take a 49 per cent interest in the Hunter Valley Operations (HVO) coal mine and form a joint venture at the site following the deal.
Yancoal Australia is already planning to sell a stake in the Hunter Valley coal operations it is set to acquire from Rio Tinto.
Rio Tinto shareholders have approved Yancoal Australia’s acquisition of its subsidiary, Coal & Allied Industries, which owns majority shares in the Hunter Valley, Mount Thorley and Warkworth coal mines.