Past year: ▲ 5%(4.96 – 8.29 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
22 Dec 2023material agreement● Neutral
Board renews related-party agreements from 1 Jan 2024: coal purchases from Yankuang Energy, from POSCO (Mount Thorley only), and management services to Shandong Energy subsidiaries. Yankuang confirmed its internal processes on 22 Dec. Past Yankuang purchases were small (US$6.2m in nine months of 2023). Annual caps are not readable.
22 Dec 2023other● Neutral
Updated Board Charter lodged under Hong Kong requirements. Readable text covers board structure and independence criteria, including a minimum of four directors and two Australia-resident directors, one independent. No readable change is identified, so no new substance can be stated.
20 Dec 2023material agreement● Neutral
Yancoal renews bank guarantee frameworks with Yankuang Energy subsidiaries: three years (1 Jan 2024 to 31 Dec 2026) for the Australian entities and one year for Premier Coal. Fees equal the financier's fee plus a 5% margin. Continues the expiring 2022 arrangement; exempt from independent shareholder approval.
8 Dec 2023material agreement● Neutral
HV Operations signs a new three-year diesel supply agreement with Glencore's Australian oil arm, 1 Jan 2024 to 31 Dec 2026, replacing the extended 2022 one. Annual caps are US$220m for 2024 and 2025 and US$245m for 2026.
5 Dec 2023other● Neutral
Hong Kong monthly return for November 2023: no change in issued shares, which remain 1,320,439,437. Administrative filing.
13 Nov 2023investor presentation● Neutral
Company presentation for the Morgan Stanley Asia Summit on 15-16 November 2023. Only the cover and disclaimer are readable, so no new figures can be stated.
2 Nov 2023other● Neutral
Hong Kong monthly return for October 2023: no change in issued shares, which remain 1,320,439,437. Administrative filing.
30 Oct 2023material agreement● Neutral
HV Operations (51% owned) extends its Glencore diesel supply agreement by two months to 31 December 2023 while a new one is finalised. The 2023 cap rises from A$186m to A$254m. Glencore is the 49% partner in HVO.
16 Oct 2023other● Neutral
Notice that the 3Q 2023 quarterly report will be released on 19 October after 7:30pm AEDT, with a CEO David Moult webcast on 20 October at 11am Sydney. Administrative; no financial information.
5 Oct 2023other● Neutral
Hong Kong monthly return for September 2023: no change in issued shares, which remain 1,320,439,437. Administrative filing.
27 Sept 2023director officer appointment● Neutral
Hong Kong list of directors and committee roles after the 27 September changes: Ning Yue is the sole executive director, Gang Ru is Chair, and there are four non-executive and three independent directors. Administrative restatement of the board change.
27 Sept 2023director officer appointment● NeutralMajor
Ning Yue (45, Yankuang Energy veteran) becomes Executive Director, Co-Vice Chairman and Executive Committee chair, replacing Ning Zhang, who resigned for new career opportunities with no disagreement. Gang Ru, the new Chairman, takes the Strategy chair and becomes a Hong Kong authorised representative.
19 Sept 2023half year report● Neutral
2023 Interim Report published, repeating the half-year result already released on 16 August: net profit A$973m and A$0.37/share interim dividend. No new figures in the readable text.
15 Sept 2023director officer appointment● NeutralMajor
Chairman Baocai Zhang, on the board since before the 2012 listing and chairman since 2018, steps down on 15 September 2023 to focus on other business. Non-executive director Gang Ru, linked to Shandong Energy, becomes Chairman. No disagreement stated.
15 Sept 2023director officer appointment● Neutral
Updated board list names Gang Ru as Chair, with eight directors: one executive, four non-executive and three independent. Committee membership is to be updated after Board approval, and a new authorised representative appointed.
14 Sept 2023other● Neutral
Notice that documents tied to the 14 September circular, including the expert's report and the coal sales agreements, will be published online for 14 days. Administrative.
14 Sept 2023material agreement● NeutralMajor
Renews three-year coal sales framework agreements, 1 Nov 2023 to 31 Oct 2026, with Yankuang Energy (62.26% holder) and Yancoal International Trading, replacing the November 2020 ones. Needs independent shareholder approval at an EGM; an independent expert is engaged.
6 Sept 2023other● Neutral
Hong Kong monthly return for August 2023: no change in issued shares, which remain 1,320,439,437. Administrative filing.
16 Aug 2023investor presentation● Neutral
Slides accompanying the 1H 2023 result released the same day. Only the cover and disclaimer were readable, so no new figures can be stated.
16 Aug 2023half year report● NeutralMajor
First-half profit fell to A$973m as the average price fell 11% to A$278/t and cash costs rose to A$109/t. Cash ended at about A$1.1bn with no loans. Interim dividend A$0.37/share; 31-36Mt guidance and second-half weighting kept.
16 Aug 2023half year report● NeutralMajor
Half-year accounts show revenue A$3,976m (down 17%) and net profit A$973m (down 44% from A$1,738m). Declares a A$489m (A$0.37/share) fully franked interim dividend, payable 20 September. Confirms no interest-bearing loans since the March repayment.
10 Aug 2023other● Neutral
Notice that 1H 2023 results will be released on 16 August 2023 after 6:30pm AEST, with a CEO-hosted investor webcast on 17 August. Administrative; no financial information.
4 Aug 2023other● Neutral
Board meeting set for 16 August 2023 to approve first-half results to 30 June 2023 and consider an interim dividend, if any. Administrative notice; no results yet.
4 Aug 2023other● Neutral
Hong Kong monthly return for July 2023: no change in issued shares, which remain 1,320,439,437. Administrative filing.
4 July 2023other● Neutral
Hong Kong monthly return notice for June 2023. Only the cover page was provided, so no share movement details can be stated. Administrative filing.
6 June 2023security holder rights change● Neutral
Issued 1,216,705 performance share rights to senior executives under the 2023 long-term plan, about 0.09% of shares. Vesting depends on relative earnings per share and cost targets to 31 December 2025, with settlement using existing shares or cash.
5 June 2023other● Neutral
Hong Kong monthly return for May 2023: no change in issued shares, which remain 1,320,439,437. Administrative filing.
1 June 2023security holder rights change● Neutral
Issued 65,833 deferred share rights to executive director Ning Zhang, approved at the 31 May AGM. They vest 32,916 on 1 March 2024 and 32,917 on 1 March 2025, and would be settled with existing shares, under 0.01% of the company.
31 May 2023director officer appointment● Neutral
Updated board list shows Gang Ru and Xiaolong Huang as non-executive directors, replacing Xiangqian Wu and Qingchun Zhao, who no longer appear. Board stays at nine. The text does not give reasons or dates; this follows the AGM, so is probably an inference of board changes at that time.
31 May 2023investor presentation● Neutral
AGM address and slides from Co-Vice Chairman Gregory Fletcher and CEO David Moult. Covers the year ended 31 December 2022 and refers to previously released results. Only the cover and disclaimer were readable, so no new figures.
