05
Apr
04:30
Yancoal prepays $333m debt as coal prices soar
Australia-listed coal miner Yancoal Australia has completed the early debt repayment of $333 million, as indicated in its 2022 financial results, Kallanish notes.
The prepayment was made on 31 March from available cash. It will deliver an approximate $43 million reduction in total finance costs over the loan period.
Following completion of this prepayment, Yancoal has no interest-bearing loans.
Yancoal Australia chief executive David Moult says that combined wit…
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Very good overview of the weekly steel market.
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