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Yancoal turnaround delivers record profit

YANCOAL Australia has reported a record profit after tax of $852 million from revenues of $4.8 billion for 2018 as it executed a turnaround with the help of the Moolarben underground mine and key acquisitions in New South Wales’ Hunter Valley.

Lou Caruana
Yancoal's Moolarben mine in NSW.

Yancoal's Moolarben mine in NSW.

Yancoal CEO Reinhold Schmidt attributed the solid result to the robustness of the company's operational, investment and cashflow management strategies.   "We are exceeding expectations and continue...

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