Past year: ▲ 5%(4.96 – 8.29 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
21 Dec 2021material agreement● Neutral
Yancoal and Peabody, as lenders to the Middlemount joint venture (Yancoal 49.9997%), cut the revolving loan limit from A$160m to A$50m and extended maturity two years to 31 December 2023, interest staying at 10%. Continues the earlier Middlemount loan arrangements.
17 Dec 2021director officer appointment▲ GoodMajor
CEO David Moult's contract, which began 9 March 2020 for an initial two years, is changed to an agreement with no fixed term; other material terms are unchanged. This secures his tenure beyond March 2022.
3 Dec 2021other● Neutral
Hong Kong monthly return for November 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
4 Nov 2021other● Neutral
Hong Kong monthly return for October 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
29 Oct 2021debt financing▲ GoodMajor
Yancoal prepaid US$500m of debt from cash on 29 October 2021, covering its syndicated facility and unsecured related-party loans, cutting total finance cost by about US$82m over the loan terms. Further early repayments are being considered.
19 Oct 2021quarterly activities report● NeutralMajor
September quarter 2021: realised price jumped to a record A$155/t (up 53%) and attributable saleable coal was 9.9Mt. But 2021 output guidance is cut to about 37.5Mt (from 39Mt) and cash costs raised to A$66-68/t, reversing the earlier 'retained' guidance.
7 Oct 2021other● Neutral
Hong Kong monthly return for September 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
20 Sept 2021half year report● Neutral
Interim report for the half-year to 30 June 2021, repeating the figures already released on 19 August: revenue A$1,775m, net loss A$129m, no dividend. Re-release of known results.
3 Sept 2021other● Neutral
Hong Kong monthly return for August 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
19 Aug 2021half year report▼ BadMajor
Half-year accounts to 30 June 2021: revenue A$1,775m (down 10%) and net loss after tax A$129m, against a A$605m profit a year earlier (which included non-recurring items). No dividend is recommended.
19 Aug 2021investor presentation● Neutral
Presentation of the first-half 2021 result released alongside the announcement; the visible text is the cover and disclaimer only, with no new figures shown.
19 Aug 2021half year report▼ Bad
First-half 2021 result: operating EBITDA A$406m (down 17%), net loss A$129m, cash A$539m, no interim dividend. Realised price A$94/t was up 32% on 2H 2020, but cash costs rose to A$66/t. About 4Mt more output is needed in 2H to reach 39Mt.
9 Aug 2021other● Neutral
Notice that the board will meet on 19 August 2021 to approve the half-year results to 30 June 2021. Administrative notice.
5 Aug 2021other● Neutral
Hong Kong monthly return notice for July 2021. The visible text is a cover page only; no share-count figures are shown. Administrative filing.
19 July 2021annual report● Neutral
2020 ESG report covering the year to 31 December 2020. The visible text is community, safety and environment stories (Lake Kepwari rehabilitation, Regent Honeyeater offsets, COVID-19 response); no new financial figures shown.
6 July 2021other● Neutral
Hong Kong monthly return for June 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
3 June 2021other● Neutral
Hong Kong monthly return for May 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
28 May 2021security holder rights change● Neutral
Following AGM approval, 90,180 deferred share rights issued to Co-Vice Chair Ning Zhang (about 0.01% of shares), vesting in equal halves on 1 March 2022 and 2023. 2,870,651 performance rights (about 0.22%) issued to senior executives, tested on performance to 31 December 2023.
6 May 2021other● Neutral
Hong Kong monthly return for April 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
27 Apr 2021admin correction● Neutral
Appendix 4G corporate governance checklist for FY2020, lodged with the annual report; the governance statement is at pages 145-166 and was approved as at 26 February 2021. Administrative filing with no new business information.
27 Apr 2021annual report● Neutral
Full 2020 annual report, lodged after the February results. The visible text is community and safety stories (about 4,300 FTE roles, 39.3Mt equity-basis saleable coal); no new financial figures are shown in the readable portion.
8 Apr 2021other● Neutral
Hong Kong monthly return for March 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
29 Mar 2021security holder rights change● Neutral
1,817,150 deferred share rights issued to senior executives under the revised short-term incentive plan, about 0.14% of issued capital. They vest on 1 March 2022 and 2023, and any shares used would be existing ones.
26 Mar 2021security holder rights change● Neutral
Board found 40% of 2018 LTIP rights (153,254) vested and 60% lapsed. Vested 2018 LTIP and 2018/2019 STIP rights will be paid in cash, not shares, to keep the public float compliant. 648,793 2019 STIP rights remain, vesting 1 March 2022.
17 Mar 2021resource reserve update▼ BadMajor
Year-end 2020 attributable resources 6,884Mt (6,911Mt a year earlier, -0.4%); recoverable reserves 1,154Mt (1,196Mt, -3.5%); marketable reserves 833Mt (872Mt, -4.5%). Notes a 1 March 2021 announcement to move Austar to closure activities.
8 Mar 2021other● Neutral
Hong Kong monthly return for February 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
26 Feb 2021annual report▼ BadMajor
Appendix 4E for 2020: revenue A$3,473m (down 22%), net loss after tax A$1,040m versus A$719m profit in 2019. No 2020 dividend declared. Loss includes the Watagan reconsolidation, flagged in December.
26 Feb 2021annual report▼ BadMajor
2020 loss of A$1.04bn includes a A$1,383m non-cash Watagan reconsolidation loss, partly offset by a A$653m Moolarben gain. Operating EBITDA A$748m (A$1.65bn in 2019); cash A$637m; unit cost A$59/t and capex A$279m met guidance. Board open to diversifying beyond coal.
26 Feb 2021investor presentation● Neutral
Presentation of the 2020 full-year result, repeating figures released in the same-day result announcement. The visible text is the cover note and disclaimer only.
16 Feb 2021other● Neutral
Notice that the board will meet on 26 February 2021 to approve the 2020 final results and declare a final dividend, if any. Administrative notice, ahead of the result already expected this month.
