Is Yancoal a chinese company?
Is Yancoal a chinese company?
Australia’s biggest pure-play coal miner, Yancoal, has been assured by its Chinese controlling shareholder that further acquisitions and investment in Australia will be supported, in a show of cross-border collaboration that Yancoal chief David Moult hopes can help mend relations between the nations.
Who is yancoal owned by?
Yanzhou Coal Mining Company Limited
Yancoal is a public company, listed on both the Australian Securities Exchange (ASX: YAL) and the Hong Kong Stock Exchange (HKSE: 3668), and is majority owned by Yanzhou Coal Mining Company Limited (Yanzhou).
Who owns Mt Thorley?
Yancoal Australia Ltd
Parent Company: Mount Thorley: Yancoal Australia Ltd (80 per cent) and POSCO Australia Pty Ltd (20 per cent).
Is yancoal a good investment?
The company trades on a price-to-book ratio of 0.66. This is very low and suggests that good value is offered at the current share price. Additionally, the company posted a return on equity of 14.1% in 2018. This suggests that if Yancoal can maintain earnings, it offers huge potential returns to shareholders.
Does China own any coal mines in Australia?
— David Moult, chief executive of Yancoal Australia, a coal miner majority owned by China’s Yanzhou Coal Mining Co. Investment peaked above 16 billion Australian dollars in 2016, before Australia made allegations of Chinese interference in its politics and decided to ban Huawei Technologies Co.
Does China own coal mines in Australia?
Is YAL a good buy?
The Yancoal Limited (ASX: YAL) share price is down 24.7% in 2019, making it a good time to buy. The Yancoal Australia Ltd (ASX: YAL) share price is down 24.7% in 2019 – I think it’s time to buy.
Which country owns the most land in Australia?
Aggregating total freehold and leasehold foreign ownership interests, China and the UK hold the largest area of total Australian agricultural land (each with 2.4 per cent), followed by the Netherlands (0.7 per cent) and the US (0.6 per cent).
Does China own ports in Australia?
China Merchants Port Holdings Co. Ltd. is a 50% shareholder in the Port of Newcastle, on Australia’s eastern coast and a key hub for exporting coal. China Investment Corp. is part of a consortium that bought the Port of Melbourne in 2016. Some federal lawmakers want those investments also to be reversed.
Where are Yancoal coal mines located in Australia?
Yancoal manages the Ashton, Austar and Donaldson mines in New South Wales on behalf of Watagan Mining Company Pty Ltd (Watagan) and the Cameby Downs and Premier coal mines in Queensland and Western Australia respectively, on behalf of its majority shareholder Yanzhou Coal Mining Company Limited (Yanzhou).
How many people are employed by Yancoal Australia?
Yancoal Australia Limited (YAL) is a coal miner. Operating five mines and managing five others across New South Wales, Queensland and Western Australia, Yancoal currently employs approximately 3,000 people, sourcing the majority of them from the local communities in which they operate. No incorporation details available.
What is the ASX code for Yancoal Australia?
Yancoal Australia Limited is listed on the ASX under the code YAL. Yancoal Australia Limited operates by providing financial, marketing, logistical and administrative support to its subsidiary companies that are involved in coal mining.The group’s major Australian mine sites include:
How many tonnes of coal does Yancoal produce per year?
Since 2004, Yancoal has built its business through strategic acquisitions; now owning, operating or participating in 11 coal mines across NSW, Queensland and Western Australia. In 2020, Yancoal produced 38.3 million tonnes of saleable coal for export into international markets.