Qld drought good news for Yancoal

THE sustained dry weather conditions of Central Queensland are positively aiding consistent production rates at Yancoal’s Yarrabee open cut coal operation and its Middlemount joint venture.

Lou Caruana

The Middlemount open cut production remained consistently strong throughout the September quarter, up 1% on the previous quarter and 20% year‐on‐year, with positive weather conditions aiding uninterrupted production and haulage rates.

Yarrabee production was up 2% on the previous quarter, with good weather conditions and consistent fleet management similarly enabling consistent production rates and throughput for the period.

In response to the impacts of the continued downturn in the global coal market, Yancoal announced the restructure of its Austar and Abel underground operations in New South Wales on 24 July 2015, resulting in redundancies of up to 170 employees at the Abel mine and up to 55 employees at the Austar mine.

Throughout the September quarter, Yancoal remained focused on maximising blending opportunities and product yields across its New South Wales operations.

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