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Yancoal releases 2Q16 report

Published by
World Coal,

Yancoal has released its 2Q16 report, which includes the following highlights:
  • Quarterly production of 3.88 million t of saleable coal, a y/y decrease of 8%.
  • Quarterly sales volumes of 4.74 million t, a 2% y/y decrease.
  • The Donaldson coal operation moved to ‘care and maintenance’, following the cessation of mining activities at the Abel underground mine and the commencement of new feasibility studies, effective from 2 May 2016.
  • First development coal extracted from the new Moorlarben underground in April.
  • Commenced installation and manning required to facilitate the proposed recommencement of longwall production at Austar in July 2016.
Edited from press release by

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