News: YAL Yancoal Australia Says Q3 ROM Coal Production 15.6 MT

Oct 17 (Reuters) - Yancoal Australia Ltd (YAL) :

• 2019 GUIDANCE UNCHANGED
• Q3 ROM COAL PRODUCTION 15.6MT, DOWN 4%
• Q3 11.6MT SALEABLE COAL PRODUCTION, DOWN 5% FROM Q3 2018
• OPERATIONAL PERFORMANCE REMAINS ON TRACK TO ACHIEVE TARGETS FOR 2019
• CONTINUES TO PURSUE PRODUCTION OPTIMISATION OPPORTUNITIES AT MOOLARBEN MINE
• DEMAND RECOVERY FROM JAPANESE POWER SECTOR COULD BOLSTER MARKET CONDITIONS IN Q4 2019.
• FOREIGN EXCHANGE MOVEMENTS MAY LEAD THERMAL COAL PRODUCERS WITH A US DOLLAR COST BASE TO CURB SUPPLY
• IN SEPTEMBER 2019, YANCOAL RECEIVED FEDERAL GOVERNMENT APPROVAL TO INCREASE OPEN CUT ROM PRODUCTION AT MOORLABEN MINE BY 3MTPA

Source text : (http//bit.ly/2pu1BV4)

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