Topic
Yanzhou Coal Mining Company is a Chinese company that mainly produces low-sulphur coal. It is the only Chinese coal miner to have a listing in Hong Kong, Shanghai and New York. Its subsidiaries include Austar Coal Mine, Heze, and Yancoal Australia.
- Yankuang Energy Group’s share price hits highest level in three months in intraday trading
- Firm’s diversification plan ‘has been received favourably by the markets’, analyst says
The mood soured suddenly on coal, after a meeting convened by the National Development and Reform Commission (NDRC) with major coal producers and the industry guild to find ways to restore fuel prices back to “a reasonable range” ahead of expected peak demand in the northern hemisphere winter.
Yancoal, Australia’s third largest coal producer, says there have been no handling delays on its coal shipments at Chinese ports
Yanzhou Coal Mining has slashed its spending on future production capacity expansion by half amid weak coal market conditions, and floated a plan for its Canadian unit to fund its C$3.5 billion (HK$26.2 billion) potash mining project development via a Canadian stock market listing.
