Yancoal Australia rejects $1.8bn takeover bid from China’s Yankuang

Mining News Pro - Yancoal Australia (ASX: YAL) rejected on Tuesday a $1.8 billion takeover bid from its largest shareholder, saying that both the value and the proposed structure of the deal were not in the best interests of its minority shareholders.

Glencore expected to dismiss bid for Yancoal Australia stake

Mining News Pro - Glencore is expected to dismiss a $3.60 per share offer for its minority stake in Yancoal Australia as it considers the Chinese majority owner’s bid for the coal producer offensively low.

Yancoal to ‘wash harder’ as pandemic lingers

Mining News Pro - Yancoal has implemented a new strategy to maximise its coal product value, while playing catch up in the second half of 2021, following rain delays and ongoing COVID-19 disruptions.

Yancoal production on target despite rain setbacks

Mining News Pro - Yancoal has been hit with more rainfall at its Hunter Valley operations in New South Wales which has impacted mining, rail and port activity during the June quarter.

Yancoal production dampened by NSW floods

Yancoal has suffered a fall in coal production due to rain and flooding at its Hunter Valley mines in New South Wales.

Yancoal plots NSW coal mine expansion

Mining News Pro - Yancoal has flagged the possibility of an underground operation at the Mount Thorley Warkworth thermal and coking coal project in New South Wales.

Glencore, Yancoal JV to slash Hunter Valley coal workforce

Mining News Pro - Joint venture (JV) partners Yancoal and Glencore are set to stand down contract staff at their Hunter Valley coal operations in New South Wales.

Yancoal scales back spending to weather unpredictable coal storm

Mining News Pro - Yancoal is confident that the company is well placed to manage Australia’s uncertain market relationship with China and the current lows in coal prices.

Yancoal streamlines operations amid pandemic

Mining News Pro - Yancoal is closely monitoring the condition of international coal markets to best assess how its business will be impacted for the remainder of the year and beyond.

New Hope hires former Yancoal leader as CEO

Mining News Pro - New Hope Group has appointed a new chief executive, Reinhold Schmidt, who will transfer from the same position at Yancoal Australia in September.

Yancoal keeps focus on growth despite production dip

Mining News Pro - Yancoal has capped off the March quarter by producing 16 million tonnes of run-of-mine coal, an 8 per cent drop from the same period last calendar year.

Wabtec electric drives to equip 28 Chinese 360 ton export mining trucks from NHL for Australia’s Yancoal

Mining News Pro - Wabtec has announced that it will supply Inner Mongolia North Hauler Joint Stock Co Ltd (NHL), the leading mining truck manufacturer in China, with 28 360 ton premium integrated AC electric drive systems, to support the company’s 360 ton (330 t) 28 strong mining truck contract with Yancoal in Australia. The systems will help Yancoal’s mining fleet achieve increased productivity and speed on grade performance and help reduce fuel costs and equipment wear.

Yancoal targets NSW growth following record year

Mining News Pro - Chinese-controlled Yancoal plans to ramp up optimization and exploration work at its Tier 1 assets in New South Wales to meet rising consumer demand for high-quality coal.

Yancoal reaps rewards from Rio Tinto acquisition

Mining News Pro - Yancoal’s acquisition of Rio Tinto’s Coal & Allied business unit in New South Wales last year has paid off for the company.

Yancoal stands down 205 employees at Austar coal mine

Mining News Pro - Yancoal hopes to redeploy the majority of its workforce at the Austar coal mine after starting a process to halt operations at the New South Wales site.

chadormalu Co.
khuzestan steel
sangan steel