Best First Half Operational Performance in Five Years
Yancoal reported its best first half operational performance in the past five years, with ROM coal and attributable saleable coal volumes 15% to 16% ahead of last year.
Increase in Coal Production
Total ROM coal production increased by 12% compared to the first quarter of the year and 23% more than the second quarter last year, with saleable coal production up 15% from the second quarter last year.
Strong Financial Position
Yancoal ended the quarter with a cash balance of $1.8 billion and no interest-bearing debt, after distributing a $687 million dividend.
Reduced Injury Frequency Rate
Total recordable injury frequency rate reduced to 6.32, below the industry weighted average of 7.93.