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Yancoal explores expansion potential at NSW coal mines

Coal News - Published on Mon, 22 Apr 2019

Image Source: yancoal.com.au
Australian Mining reported that pure-play coal producer Yancoal has identified growth potential at its Moolarben and Mount Thorley Warkworth coal complexes in New South Wales. Studies are underway to consider a potential underground mine at Mount Thorley Warkworth in the Hunter Valley, which could boost production by 6 million tonnes of run-of-mine coal. Currently, Yancoal is working towards producing a pre-feasibility study for release in the Q1 of 2020. The company also cited the potential to increase ROM production at Moolarben from 18 million tonnes a year to 24 million tonnes a year.

Moolarben contributed around 36% of saleable coal production across both its open cut and underground operations to the March quarter. The mine contributed around 33% to Yancoal’s record haul of 50 million saleable tonnes last year.

The expansion plans come with Yancoal’s announcement of a strong March quarter, with a production of 17.3 million tonnes of ROM coal (9% YoY boost) and 13 million tonnes of saleable coal (2% YoY boost) at an average cost of $133 a tonne.

Yancoal said in its latest quarterly report, Yancoal keeps its 2019 production guidance of 35 million tonnes of saleable coal unchanged. The extreme weather which affected Queensland did not have a material impact on production at Yancoal’s operations in the region over the last quarter, nor did it cause any shipping delays to its Chinese customers.

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Posted By : Rabi Wangkhem on Mon, 22 Apr 2019
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