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Yancoal opex to soar, production to dive

YANCOAL has scaled down its forecast for FY22 saleable coal production to 31-33 million tonnes from 35-38Mt and predicted higher cash operating costs of $84-$89 per tonne from $71-76/t as rain and higher consumables costs cloud its outlook.

Lou Caruana
The June quarter continued to be impacted by persistent and heavy rainfall for Yancoal.

The June quarter continued to be impacted by persistent and heavy rainfall for Yancoal.

The revised guidance also factors in unscheduled downtime on key equipment and the need to revise the Moolarben longwall mining sequence to preserve an Aboriginal heritage site.  Yancoal CEO David Moult...

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