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Yancoal reducing debt as operations improve

YANCOAL Australia is seeking to capitalise on the out-performance of its Australian coal mines by pre-paying US$150 million in loans to further reduce its existing debt liabilities.

Lou Caruana
The out-performance of some of Yancoal's mines such as the Moolarben complex in NSW has enabled the company to pay down some of its debt.

The out-performance of some of Yancoal's mines such as the Moolarben complex in NSW has enabled the company to pay down some of its debt.

Sustained high production rates at Yancoal's tier-one Moolarben, Hunter Valley Operations and Mount Thorley Warkworth joint venture operations helped the company report an interim net profit of $539 million...

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