SURFACE

Yancoal profit plunges despite lower operating costs

YANCOAL Australia has reported a 16% decrease in annual net profit after tax for 2019 to $719 million despite a reduction in operating costs and increased production.

 Yancoal's Moolarben open cut coal mine in NSW.

Yancoal's Moolarben open cut coal mine in NSW.

Yancoal Chairman Baocai Zhang said Yancoal remained focused on efficient operations optimising output. "Our continued efforts at effective cost control were notable given the cost inflation we have...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.