Yancoal Australia Ltd Provides Revenue and Saleable Coal Production Guidance for the Year 2020

Yancoal Australia Ltd is an Australia-based coal producer in the seaborne market. The Company is engaged in producing a mix of thermal, semi-soft coking and pulverized coal injection (PCI) coals for export. It operates a diversified portfolio of assets consisting of both large-scale open cut and underground mines in Australia. The Company’s New South Wales mines include Moolarben, Hunter Valley Operations, Mount Thorley Warkworth, Stratford-Duralie, Ashton, Austar, and Donaldson. Queensland mines include Yarrabee and the Middlemount Joint Venture. Yancoal also manages the Cameby Downs and Premier coal mines in Queensland and Western Australia respectively, on behalf of Yankuang Energy Group Company Limited. Its thermal coal is primarily used in electricity generation and its end users are power and utilities companies. Metallurgical coal is primarily used to produce coke for blast furnace steel production and its end users are steel plants.