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14 stories mentioning ASX:YALUpdated 4d ago

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Asia

Yancoal Australia Workers Vote in Favor of Industrial Action, MEU Says

Yancoal Australia (ASX:YAL, HKG:3668) workers at its Premier Coal mine in Western Australia voted in favor of protected industrial action over pay and redundancy entitlements, the Mining and Energy Union (MEU) said in a statement on Wednesday.Over 90% of MEU members and about 93% of Australian Manufacturing Workers' Union members backed the proposed action as they push for wage increases and redundancy provisions in what is expected to be their final enterprise agreement before the mine shuts down, the statement said.

ASX:YALHKG:3668
Asia

Yancoal Australia Renews Framework Agreements for Coal Sales to Chinese Firms

Yancoal Australia (ASX:YAL, HKG:3668) renewed its framework agreements for coal sales with Yankuang Energy and YIT, according to a late Tuesday Australian bourse filing.The firm entered into a framework agreement with Yankuang Energy, under which the Yancoal group agreed to continue to sell coal to Yankuang Energy and/or their units, excluding the Yancoal group, as well as a framework agreement with YIT, under which Yancoal agreed to continue to sell coal to YIT and/or its associates, excluding the Yankuang Energy Group.Both framework agreements are for the period Nov. 1 to Dec. 31, per the filing. The sale price for the coal will be based on industry index prices, coal quality characteristics, and market alternatives to optimize value to the firm.Yankuang Energy is a controlling shareholder of Yancoal Australia, holding around 62.26% of its total issued shares. YIT is a wholly-owned unit of Shandong Energy, the controlling shareholder of Yankuang Energy.Yancoal plans to subsequently renew the agreements for three years from Jan. 1, 2027, to Dec. 31, 2029.Yancoal Australia's shares fell past 1% in recent trading on Wednesday.

ASX:YALHKG:3668
Asia

Yancoal Australia Increases 2026 Annual Cap for Coal Sales Agreement With Glencore

Yancoal Australia (ASX:YAL) revised the 2026 annual cap for transactions under its coal sales agreement with Glencore to $750 million from $350 million, according to a Monday filing with the Australian bourse.The revision comes as market instability arising from the Middle East conflict has raised the likelihood of Glencore purchasing coal on the spot market, per the filing.Yancoal said its HVO Coal Sales joint venture with Glencore increased spot coal sales through the first half of 2026, and the annual cap requires an increase to ensure sufficient headroom remains for transactions to continue through the end of the year. All other terms of the agreement remain unchanged.The aggregate transaction amount under the Glencore framework agreement was about $215 million for the six months ended June 30, Yancoal said.Yancoal Australia shares gained 1% in recent Tuesday trade.

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Asia

Yancoal Australia H1 Adjusted Earnings Down, Revenue Up

Yancoal Australia (ASX:YAL) logged AU$0.055 in earnings per share before non-recurring items for the first half, compared with AU$0.124 a year ago, a late Wednesday filing showed.For the six months ended June 30, revenue was AU$3.02 billion versus AU$2.68 billion previously, the Australia-listed coal miner added.The board declared an interim dividend of AU$0.07 per share, up from AU$0.062 a year earlier, payable Sept. 18 to shareholders on record as of Sept. 3.The company expects 2026 attributable saleable production of 36.5 million to 40.5 million tonnes, cash operating costs of AU$90 to AU$98 per tonne, and attributable capital expenditure of AU$600 million to AU$750 million, revised down from AU$750 million to AU$900 million.

ASX:YAL
Asia

Yancoal Australia H1 Post-Tax Profit Down; Revenue Up

Yancoal Australia (HKG:3668, ASX:YAL) reported AU$17 million in post-tax profit due to non-operating items in the first half, compared with AU$163 million a year ago, a Wednesday bourse filing showed.For the six months ended June 30, revenue was AU$3.02 billion versus AU$2.68 billion previously, the coal miner said.The company declared a fully franked interim dividend of AU$0.07 per share for the period.

ASX:YALHKG:3668
Asia

Yancoal Australia Output, Sales Rise in Q2

Yancoal Australia (HKG:3668, ASX:YAL) logged second-quarter saleable coal production of 10.8 million tonnes, up 15% from a year prior.Saleable coal sales grew 43% year over year to 11.6 million tonnes, according to a Monday Hong Kong bourse filing by parent Yankuang Energy (SHA:600188, HKG:1171).Average realized price increased 13% year over year to AU$160 per tonne in the three months.For the first half, output and sales increased 5% and 20%, respectively, to 19.8 million tonnes each.

ASX:YALHKG:1171HKG:3668SHA:600188
Asia

Terra Metals Appoints Chair; Shares Fall 4%

Terra Metals (ASX:TM1) appointed Debra Bakker as non-executive chairman, effective June 29, according to a Thursday filing with the Australian bourse.Bakker will succeed Ian Middlemas, who has stepped down as chair, the filing said.Bakker currently serves on the boards of Yancoal Australia (ASX:YAL) and Ten Sixty Four (ASX:X64), the filing added.Terra Metals's shares fell around 4% in recent Thursday trade, while Yancoal Australia's shares shed 2%.

ASX:TM1ASX:X64ASX:YAL
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Tuesday.ASX (ASX:ASX): -12%, AU$51.51Elevra (ASX:ELV): -7%, AU$12.75PEXA Group (ASX:PXA): -7%, AU$10.67Infratil (ASX:IFT): -5%, AU$12.29Yancoal Australia (ASX:YAL): -4%, AU$6.69Telix Pharmaceuticals (ASX:TLX): -4%, AU$12.82Challenger (ASX:CGF): -4%, AU$8.89Whitehaven Coal (ASX:WHC): -4%, AU$8.51Netwealth Group (ASX:NWL): -3%, AU$21.69Paladin Energy (ASX:PDN): -3%, AU$11.13

ASX 200ASX:ASXASX:CGFASX:ELVASX:IFTASX:NWLASX:PDNASX:PXAASX:TLXASX:WHCASX:YAL
Asia

ASX Midday Sector Update: Financials Stocks Gain, Energy Slides

Financial stocks advanced nearly 3% to lead gainers in midday trading on Wednesday after Australia's central bank on Tuesday raised its official cash rate to 4.35%.Westpac Banking (ASX:WBC) rose nearly 5% after Jarden said in a Tuesday note that the bank has "meaningfully" boosted its growth and risk appetite to achieve a larger balance sheet and higher revenue base to increase earnings.On the flip side, energy stocks shed nearly 2% as oil prices declined after President Donald Trump said the US will pause an operation to help ships pass through the Strait of Hormuz due to "great progress" on a deal with Iran.Woodside Energy Group (ASX:WDS) dropped 2%, and Yancoal Australia (ASX:YAL) declined 4%.

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Asia

Yancoal Australia Falls After Reporting Lower Q1 Saleable Coal Production

Shares of Yancoal Australia (ASX:YAL) fell around 1% in recent Tuesday trade after the company reported in a late Monday Australian bourse filing that attributable saleable coal production for the first quarter ended March 31 was 9 million tonnes, down from 9.5 million tonnes a year earlier.Attributable run-of-mine coal production for the quarter fell to 11.3 million tonnes from 11.5 million tonnes a year ago.The average realized coal price was AU$146 per tonne, down from AU$157 per tonne in the March 2025 quarter.The company said its 2026 guidance remains unchanged, with attributable saleable production of 36.5 million to 40.5 million tonnes.

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Asia

Yancoal Australia's Coal Output, Sales Slide in Q1

Yancoal Australia's (HKG:3668, ASX:YAL) saleable coal production fell 5% to 9 million tons in the first quarter of 2026 from 9.5 million tons in the year-ago period, a Monday filing with the Hong Kong bourse said.Sales slipped 2% to 8.2 million tons from 8.4 million tons in the prior-year period.The average realized price of coal slid 7% year over year to AU$146 per ton from AU$157 per ton previously, according to the filing.Production during the first quarter decreased 2% to 11.3 million tons from 11.5 million tons last year.

ASX:YALHKG:3668
Asia

Australian Shares Flat; Virgin Australia Says Fiscal Year 2026 Guidance Unchanged, Fiscal H2 EBIT Expected to Rise

Australian shares were flat with a positive bias on Wednesday's close as investors weighed reports of a second round of peace talks between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,978.70.US President Donald Trump said talks with Iran could resume in Pakistan over the next ​two days, even as a US naval blockade ⁠on Iranian ports continued. Brent crude oil futures rose 1% to $95.77 per barrel.On Wall Street, the Nasdaq was up nearly 2% on Tuesday, and the S&P 500 climbed 1.2%.On the domestic front, the International Monetary Fund (IMF) cut its economic growth projections for Australia, with gross domestic product (GDP) growth rate now expected to come in at 2% in 2026, compared with the previous forecast of 2.1%, and 1.7% in 2027, down from the earlier forecast of 2.2%.Australia's private sector credit is projected to grow by 7.2% year over year this year, tracking at its fastest pace since 2022, before slowing to 5.7% year-over-year by late 2027, ANZ said in a report.Australian consumer spending rose 2.1% in March, month-on-month, driven by a sharp increase in fuel spending due to higher prices, according to NAB's consumer spend trend report.In company news, Virgin Australia Holdings (ASX:VGN) said that its fiscal year 2026 financial guidance remains unchanged, with the underlying earnings before interest and taxes (EBIT) and underlying EBIT margin in the second half expected to be higher than the prior-year period. Its shares were up 7% on market close.Mesoblast (ASX:MSB) acquired an exclusive license to a patented chimeric antigen receptor technology platform to boost the effectiveness of its products. Its shares rose 7% at close.Lastly, Yancoal Australia (ASX:YAL) said that it entered into binding transaction documentation with EMR Capital Advisors, Kestrel Coal (EMR), Adaro Capital, and EMR Capital Management to acquire Kestrel Coal Group, which holds an 80% interest in the Kestrel coal mine joint venture in Queensland, for up to $2.4 billion. Its shares closed down 2%.

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Asia

Yancoal Australia Rises After Agreeing to Acquire 80% Stake in Queensland Coal Mine

Yancoal Australia's (ASX:YAL) shares were up 1% in recent trading on Wednesday after the company said in an Australian bourse filing late on Tuesday that it entered into binding transaction documentation with EMR Capital Advisors, Kestrel Coal (EMR), Adaro Capital, and EMR Capital Management to acquire Kestrel Coal Group, which holds an 80% interest in the Kestrel coal mine joint venture in Queensland, for up to $2.4 billion.The consideration includes an upfront cash consideration of $1.85 billion, payable on completion, as well as contingent cash consideration of up to a maximum of $550 million.Completion of the acquisition is subject to the satisfaction of conditions precedent, including regulatory approvals, and is targeted towards the end of the third quarter.

ASX:YAL
Asia

Yancoal Australia Trading Halted on Pending Announcement

Yancoal Australia (ASX:YAL) said its trading will be halted at the company's own request due to a pending disclosure, according to a Tuesday filing with the Australian bourse.The halt will remain in force until the earlier of the start of trading on April 16 or the release of the statement, per the filing.

ASX:YAL

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