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Yancoal Australia ( (AU:YAL) ) has shared an announcement.
Yancoal Australia has entered into a 2026 framework agreement under which Wubo, a subsidiary of controlling shareholder Yankuang Energy, will provide coal freight services to the Yancoal group, supporting an expansion of sales on a cost-and-freight basis for customers that prefer this arrangement. The agreement, effective from 1 January to 31 December 2026 and automatically renewable in three-year periods subject to listing rules, sets an annual transaction cap of US$23 million and requires freight rates to be set via competitive tenders with at least two independent bidders, positioning the deal as a connected but arm’s-length transaction that enhances Yancoal’s logistics flexibility without triggering independent shareholder approval requirements.
More about Yancoal Australia
Yancoal Australia is a major Australian coal producer focused on the production and sale of thermal and metallurgical coal. The company primarily supplies coal to power generators and steelmakers, and is listed in both Hong Kong and Australia, reflecting its role as a significant participant in regional and international coal markets.
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