The Technology and Objectives:

One of the key objectives of establishing Yancoal was to introduce the Longwall Top Coal Caving (LTCC) mining technology to Australia. LTCC allows the excavation of a thick coal seam of 5 to 12 meters at one time, resulting in low investment, high productivity and high economic benefit.  This thick coal seam mining technique is a significant revolution in underground coal mining worldwide. Yanzhou owns the patent rights for LTCC in China and Australia.  The technology has already been successfully implemented in a number of mines in China and has the potential to be introduced into underground mines and projects in Australia.

Yancoal Australia Limited intends to become a leading mining and technology company in the mining sector in Australia by growing organically and by acquisition.  The Company will leverage off its underground mining technology by seeking coal deposits amenable to using the technology.  

Yancoal Australia Limited will continue to support its associated companies by assigning experienced management and mining staff from China, upgrading mining equipment and providing financial support appropriate to approved mining and operational plans.

At the same time, the listed parent company, Yanzhou Coal Mining has committed to support Yancoal Australia in order to enable it to achieve its broad objectives of becoming a technology leader in the coal mining industry and a major mining company in Australia.