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UNDERGROUND

Yancoal boss not deterred by production fall

YANCOAL’S remains on track to achieve its operational production targets for 2019, including attributable saleable coal production of about 35 million tonnes and flat operating costs, despite the company reporting a 4% drop in run-of-mine coal production in the September quarter.

Lou Caruana
Yancoal is hoping to retain flat costs despite industry cost pressure.

Yancoal is hoping to retain flat costs despite industry cost pressure.

Yancoal CEO Reinhold Schmidt said the company's strategy remained the pursuit of production optimisation opportunities across the business. "In September 2019, Yancoal received federal government approval...

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