Former Rio mines a boon for Yancoal

Original article by Peter Ker
The Australian Financial Review – Page: 19 : 17-Aug-18

Yancoal Australia has reported a 2018 interim net profit of $361m. The result was boosted by the contribution of Rio Tinto’s thermal coal mines in New South Wales and a sharp rise in the price of thermal coal since the deal was struck. About $130m of the interim profit will be returned to shareholders via dividend payments, which equates to about $0.003 per share.

CORPORATES
YANCOAL AUSTRALIA LIMITED – ASX YAL, RIO TINTO LIMITED – ASX RIO, WHITEHAVEN COAL LIMITED – ASX WHC

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