Yancoal profits surge

SUSTAINED high production rates at Yancoal’s tier-one Moolarben, Hunter Valley Operations and Mount Thorley Warkworth joint venture operations have helped the company report an interim net profit of $539 million for the half year ended June 30 2018, up $557 million on the corresponding period in 2017.

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Yancoal profits surge Yancoal profits surge Yancoal profits surge Yancoal profits surge Yancoal profits surge

Yancoal's Moolarben mine in NSW was a major contributor to profit for the company.

The company more than doubled its saleable coal output of the year prior to 25.39 million tonnes in the half year.