COMPANY ACTIVITY

Yancoal to ramp up Qld ops

YANCOAL will seek to reverse the poor performances of its Queensland operations in the current quarter after bad weather and changes to product mixes took their toll.

Lou Caruana
Yancoal to ramp up Qld ops

Yancoal’s Yarrabee’s September quarter mine production was down 12% on the previous year, as the mine continued to adjust for the change in sequencing of its product split, prioritising PCI coal over thermal to meet market demands.

It is now working towards ramping up production for the end of the year in accordance with the mine plan.

Production at Yancoal’s 50% owned Middlemount joint venture was down 2% on the previous year, re-establishing consistent extraction and throughput rates as it recovered from the impacts of poor weather conditions and sustained delays to rail and shipping experienced during the previous reporting period.

Yancoal’s operations produced a total 6.09 million tonnes saleable coal for the September quarter, which was up 38% on the year prior, due mainly to ongoing growth at the Moolarben complex and the addition of the recently acquired Coal & Allied assets in New South Wales.

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