Yancoal Australia (YAL)

Shares / Stock Code

YAL

Stock Exchange / Sharemarket

ax

Yancoal Australia (YAL) is Australia's largest listed pure-play coal producers (if not the largest). Yancoal is the ninth largest pure-play coal company globally (based on reserves). The company owns open cut and underground coal mines in the Hunter Valley and mid-Western region of New South Wales and open cut mines in Queensland’s Bowen Basin. Investors can trade Yancoal Australia shares on the Australian Stock Exchange (ASX) stockmarket.

Yancoal Australia Company History

Yancoal Australia (YAL) is in the Materials industry. Yancoal Australia shares can be traded on the ASX stockmarket. Yancoal was formed in 2004, officially listing on the ASX on 28 June, 2012. In 2009, Yancoal completed a successful takeover of Felix Resources for $3.3 billion. In July 2012, Yancoal completed an $8 billion 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 also manages on behalf of its major shareholder, Yanzhou Coal Mining Company, an open cut mine in Western Australia’s Collie Coal Basin south of Perth and an open cut mine in Queensland's Surat Basin.