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COAL

Yancoal seeks Hunter expansion

Chinese majority-owned Yancoal will emerge as a major force in Australian coal if it succeeds in acquiring Rio Tinto’s Hunter Valley coal assets in a $US2.45 billion deal. The deal will combine Yancoal’s expertise in open cut mining gained at its Moolarben coal mine with that of Rio Tinto’s Coal & Allied subsidiary.

Lou Caruana
Yancoal could combine the open cut expertise gained at is Moolarben mine with Rio Tinto's own expertise.

Yancoal could combine the open cut expertise gained at is Moolarben mine with Rio Tinto's own expertise.

It would transform Yancoal into Australia’s largest, pure-play coal producer with expected pro-forma run of mine coal production of 71 million tonnes per annum. It is also part of Rio Tinto’s exit strategy...

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