Type: | Dual-listed |
Traded As: | |
Industry: | Mining |
Foundation: | 2004 |
Location City: | Sydney |
Location Country: | Australia |
Products: | Coal |
Revenue: | $5.4 billion |
Revenue Year: | 2021 |
Net Income: | $791 million |
Net Income Year: | 2021 |
Num Employees: | 4,500 |
Num Employees Year: | 2021 |
Parent: | Yanzhou Coal (62.5%) |
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.
Yancoal was established in 2004 with the acquisition of the Austar coal mine in the Hunter Valley.[1] In June 2012 it was listed on the Australian Securities Exchange.[2] In September 2017 Coal & Allied was purchased by Yancoal from Rio Tinto.[3] [4] In December 2018 Yancoal became a dual-listed company when it was listed on the Hong Kong Stock Exchange.[5]
Yancoal produced 13.9 million tonnes (Mt) of run-of-mine (ROM) coal (an increase from the previous quarter’s 8.3Mt) during the June quarter with 8.6Mt.[6]