MARKETS

Yancoal output slips

WITH the tragedy-struck Austar longwall mine offline for most of the period, Yancoal Australia’s total saleable coal production fell 2% year-on-year to 4.6 million tonnes for the June quarter.

Blair Price
Yancoal output slips

The amount of its coal sold fared even worse with a Yancoal’s Chinese parent revealing it was down 13% year-on-year to 4.4Mt in a Hong Kong Stock Exchange filing.

However, the figures for the first half of 2014 were stronger with total saleable coal production up 11% year-on-year to 9.6Mt and sales volumes up 4% year-on-year to 7.9Mt.

Yancoal restarted production from a new panel in the Austar mine in the Hunter Valley on June 23, more than two months after a wall collapse killed two members of a development crew underground on April 15.

Yancoal has seven operating mines in the country including the Moolarben mine which has expansion plans to eventually reach 17Mt per annum.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions