Yancoal releases 2Q16 report

Published by Angharad Lock, Digital Assistant Editor
World Coal, Thursday, 21 July 2016 14:00

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 Angharad Lock

Read the article online at: https://www.worldcoal.com/coal/21072016/yancoal-releases-2q16-report-2056/

IEEFA: Australian miners to be disappointed despite Indian steel production taking off

Tuesday 03 October 2023 12:30

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