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22 Oct
08:12

Yancoal lowers production but maintains 2019 target

Australia Yancoal saw run-of-mine (ROM) coal production and saleable coal production fall for the September quarter, Kallanish notes. The company's chief executive Reinhold Schmidt meanwhile thinks the lower average price of Yancoal's products reflected current global market conditions of supply outpacing demand. In the September quarter 2019, Yancoal's ROM coal production reached 15.6 million tonnes, down -4% compared with 1…
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