Yancoal Australia Ltd engages in the exploration, development, production and marketing of premium thermal coal, semi-soft coking coal and pulverised coal injection (PCI) coal from mines in Australia. The company owns, operates or participates in nine producing coal mines across New South Wales, Queensland and Western Australia, including Moolarben (95% interest), Hunter Valley Operations (51% interest), Mount Thorley Warkworth (84.5% interest), Ashton, Stratford-Duralie, Yarrabee, Middlemount (50% joint venture) and managed operations at Cameby Downs and Premier; it provides financial, marketing, logistical and administrative support to subsidiaries involved in coal mining. Yancoal exports nearly all production through ports in Newcastle, Gladstone and Dalrymple Bay primarily to customers in Asia, including Japan (29% of 2023 sales revenue), China (21%), Taiwan (19%), South Korea (15%), Thailand (5%), Vietnam (4%) and India (3%), with minor domestic sales. Founded in 2004 through the acquisition of the Austar coal mine by Yanzhou Coal Mining Company Limited (now Yankuang Energy Group Company Limited, the majority shareholder), Yancoal is headquartered in Sydney, Australia, and employs around 6,300 full-time workers and contractors mainly from regional communities. The company is dual-listed on the Australian Securities Exchange (ASX: YAL) and Hong Kong Stock Exchange (3668.HK), with operations generating attributable saleable coal production of 36.9 million tonnes in 2024 at cash operating costs of A$93 per tonne. Recent developments include completion of the acquisition of an additional 3.75% interest in the Moolarben Joint Venture in October 2024, taking total ownership to 98.75%; inclusion in the S&P/ASX 200 and S&P/ASX 300 Indices in September 2024; declaration of a fully franked final dividend of A$0.52 per share (A$687 million total) for the year ended 31 December 2024 in February 2025; and celebration of 20 years of operations in Australia in 2024, during which it reported revenue of A$6.86 billion and net profit after tax of A$1.22 billion. Yancoal maintains joint ventures such as Hunter Valley Operations with Glencore Coal, 27% ownership in Newcastle Coal Infrastructure Group and 30% in Port Waratah Coal Services, while focusing on cost optimisation, community investment (A$1.8 million in 199 initiatives in 2023) and sustainability through mine closure rehabilitation.