UNDERGROUND

Yancoal margins stay high as coal prices fall

YANCOAL has reported a 46% earnings margin for the first half of its 2023 financial year despite coal prices retreating from 2022 levels.

Yancoal aims to maximise its margins by balancing volume, costs, coal quality and capital expenditure.

Yancoal aims to maximise its margins by balancing volume, costs, coal quality and capital expenditure.

Yancoal chief executive David Moult said coal prices had retreated from the elevated levels of last year but remained robust in historical terms. "Coal markets appear relatively well balanced, with...

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