Lower coal prices halve Yancoal's earnings

YANCOAL’S half-yearly earnings have plunged 49% to $481 million because of lower coal prices and the impact of COVID-19 on global coal markets.

sponsored-logo
Lower coal prices halve Yancoal's earnings Lower coal prices halve Yancoal's earnings Lower coal prices halve Yancoal's earnings Lower coal prices halve Yancoal's earnings Lower coal prices halve Yancoal's earnings

Yancoal's Moolarben open cut coal mine in NSW.

Revenue for the six months to June 2020 came to $1.98 billion compared to the $2.36 billion for the previous corresponding period.