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The new contract starts on July 1 and will run for three years (with the option to extend for a further one year) at Yancoal’s Yarrabee, Cameby Downs and Duralie mines.
Yancoal, which is an Australian Securities Exchange-listed company with the Chinese Yanzhou group as its major shareholder, is one of the largest export coal miners in Australia, producing both thermal and metallurgical coals from its portfolio of mines in Queensland and New South Wales.
Yancoal also manages on behalf of its majority shareholder an additional two mines in Queensland and Western Australia.
The Yancoal Group’s coal production is planned to grow over the next five years with the extension of its Moolarben mine in New South Wales and improved efficiencies at its other mines.
