Characteristics Of The Australian Coal Industry

1638 Words Sep 9th, 2015 7 Pages

Top Ten Coal Producers (2013e)

Yancoal is one of Australia’s most innovative coal exploration companies and was formed in 2004 with the intention of acquiring and further developing Australian coal assets and to introduce its underground mining technique, Longwall Top Coal Caving(LTCC).

Of the many coal mining companies Australia has, Yancoal is one of the most technologically advanced, being the first among Australian coal companies to successfully introduce the pioneering LTCC method in 2006 after it acquired the former Southland Coal Mine in the Hunter Valley.

In 2009, Yancoal completed a successful takeover of Felix Resources . In July 2012, Yancoal completed a merger with Gloucester Coal, and following the listing of Yancoal on the ASX in June 2012, Yancoal became one of Australia 's largest listed pure-play coal producers. Yancoal 's major shareholder is Yanzhou Coal Mining Company Limited in the People’s Republic of China. Yanzhou is publicly listed on the Shanghai, Hong Kong and New York stock exchanges.

Yancoal conducts important exploration projects, operates or manages several mines in three states and has access to key port and rail infrastructure, including shareholdings or allocated capacity in major coal terminals.

Yancoal’s strategy is to grow both organically and through targeted acquisitions to become one of the country’s largest and most technologically advanced…
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