Past year: ▲ 5%(4.96 – 8.29 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
4 Feb 2021investor presentation● Neutral
CEO David Moult spoke at the Sydney Mining Club on 4 February 2021; the presentation is attached. The visible text is a cover note and disclaimer, with no new figures shown.
4 Feb 2021other● Neutral
Hong Kong monthly return for January 2021: no change in issued shares, which remain 1,320,439,437. Administrative filing.
19 Jan 2021quarterly activities report● Neutral
December quarter: attributable saleable coal 9.1Mt (up 11% on the September quarter per the report), realised price A$72/t. Full-year saleable output 38.3Mt hit the ~38Mt target, up 8% on 2019; 2020 average price A$82/t versus A$111/t. NCIG terminal disruption in December delayed sales.
11 Jan 2021other● Neutral
Voluntary notice attaching Yanzhou's reply to a Shanghai Stock Exchange query about the Watagan reconsolidation announced in December. Mainly explains the history of the 2016 Watagan bonds and why Watagan was previously deconsolidated. No new Yancoal figures in the text shown.
7 Jan 2021other● Neutral
Hong Kong monthly return for December 2020: no change in issued shares, which remain 1,320,439,437. Administrative filing.
18 Dec 2020material agreement● Neutral
New 2021 coal sales agreements with POSCO, the 20% partner in Mount Thorley, replacing the 2020 ones. Caps are US$500m for 2021 and US$125m for Jan-Mar 2022, on about 1.6Mt and 0.4Mt. Cap is below the 2020 US$600m cap; 2019 sales were US$164m.
17 Dec 2020material agreement● Neutral
Board renewed seven related-party coal purchase, sale, management-service and loan arrangements (Yanzhou, Glencore, POSCO, Premier Coal) for three years to 31 Dec 2023, with new annual caps. Example: purchases from Yanzhou Group capped at US$40m a year. Routine continuation of existing arrangements.
17 Dec 2020business combination▼ BadMajor
Yancoal regains accounting control of Watagan (Ashton, Austar, Donaldson mines) from 16 Dec 2020, ending equity accounting. Expects a one-off non-cash loss of A$1.3-1.5bn in 2020. US$775m Watagan bonds to be refinanced around 31 Mar 2021 by a new Yankuang loan at 4.65% for three years, due 2027.
3 Dec 2020other● Neutral
Hong Kong monthly return for November 2020: no change in issued shares, which remain 1,320,439,437. Administrative filing.
19 Nov 2020material agreement● Neutral
New three-year coal sales framework agreements with Yanzhou and YIT (Yankuang's subsidiary), running to 31 Dec 2023, replacing the YIT deal that ended 2020. Both are related-party sales to the controlling shareholder's group. The YIT agreement takes effect only after Yanzhou approvals. Annual caps are not shown in the text.
5 Nov 2020other● Neutral
Hong Kong monthly return for October 2020: no change in issued shares, which remain 1,320,439,437. Administrative filing.
19 Oct 2020quarterly activities report● Neutral
September quarter: attributable saleable coal 10.2Mt (up 21% on a year earlier), but realised price fell to A$70/t from A$87/t. Year-to-date output of 29.2Mt is 77% of the ~38Mt target. Cost guidance trimmed to ~A$60/t; capex guidance now under A$300m, from under A$380m.
8 Oct 2020other● Neutral
Hong Kong monthly return for September 2020: no change in issued shares, which remain 1,320,439,437. Administrative filing.
21 Sept 2020half year report● Neutral
Interim report 2020 republishing the half-year financial report already lodged on 19 August: A$605m profit after tax, A$1,973m revenue, no interim dividend. The text shown carries no new figures.
2 Sept 2020other● Neutral
Hong Kong monthly return for August 2020: no change in issued shares, which remain 1,320,439,437. Administrative filing.
31 Aug 2020investor presentation● Neutral
Notice of the CEO's teleconference presentation of the half-year result on 31 August 2020, with dial-in details and a standard disclaimer. The text shown contains no new figures beyond the result already released.
19 Aug 2020half year report▼ Bad
Half-year result release: revenue A$1.98bn (down 16%), operating EBITDA A$481m (down 49%), margin 24%. Cash cost fell to A$60/t, price A$94/t, gearing 29%. Capex deferred to 2021 and no interim dividend, citing weak coal prices. Repeats the full report.
19 Aug 2020half year report● NeutralMajor
First-half 2020 profit after tax was A$605m (up 7%), but this was lifted by a A$576m non-operating gain, mainly from remeasuring Moolarben after buying the extra 10%. Before that, the company made a A$37m loss. Revenue fell 16% to A$1,973m. No interim dividend.
6 Aug 2020other● Neutral
Hong Kong monthly return for July 2020: no change in issued shares, which remain 1,320,439,437. Administrative filing.
6 Aug 2020other● Neutral
Board meeting set for 19 August 2020 to approve half-year results for the six months to 30 June 2020. Administrative notice.
31 July 2020other● Neutral
AGM address and slides from Co-Vice Chairman Gregory Fletcher and CEO David Moult, held online. They repeat known 2019 results: A$417m distribution, A$61/t unit cost, safety rate down to 7.27, and a weak coal market. No new information.
27 July 2020annual report● Neutral
2019 Environmental, Social and Governance report covering safety, environment, community and climate-risk approach. The text shown is mostly themes and scope; no new financial or operating figures.
16 July 2020quarterly activities report● Neutral
June quarter: 9.3Mt attributable saleable coal (up 3%) at a realised price of A$87/t (down 25%); first-half price A$94/t versus A$124/t. 2020 guidance holds at about 38Mt, with non-essential capex deferred to 2021. No COVID-19 cases reported in the workforce.
8 July 2020debt financing▲ GoodMajor
Replaced its syndicated term loan, which had US$1,275m capacity, with a new US$1,275m five-year facility on substantially the same security, covenants and margin. Only US$100m is repaid in the first three years, pushing out the 2020 and 2021 repayments.
