What it does: Yancoal is a leading low-cost Australian coal producer in the global seaborne market, producing a mix of premium thermal, semi-soft coking, and PCI coals for export.
Mission: We remain committed to providing new training and development opportunities wherever possible, building our operations by providing the right roles for the right people with the right skills.
Size and presence: Yancoal currently employs approximately 3,700 people across its operations, sourcing the majority of its employees and contractors from the local communities in which it operates.
Best known for: The health, safety, and well-being of our people and the communities in which we operate underpins everything we do, holding ourselves accountable for the decisions we make and the actions we take as a leader within the coal sector.
The good bits: Great work environment Work-life balance.
The not-so-good bits: Too heavy management Behind the times.
Formed in 2004 with the acquisition of the Austar underground mine in the Hunter Valley region of New South Wales (NSW), Yancoal Australia has subsequently built its business via strategic acquisition to become one of the country’s most innovative coal exploration companies. Yancoal was the first Australian coal company to successfully introduce the pioneering LTCC coal mining method in 2006, following its acquisition of the former Southland Coal Mine in the Hunter Valley, NSW.
In 2009, Yancoal completed the successful takeover of Felix Resources, acquiring the leading edge Moolarben mine and becoming a key player and employer within the NSW coal industry.
In 2012, Yancoal strategically merged with Gloucester Coal, listing with the Australian Securities Exchange as Yancoal Australia (ASX code: YAL), and becoming one of Australia's largest listed pure-play coal producers.
Yancoal's major shareholder is Yankuang Energy Group Company Limited (62.26%) in the People’s Republic of China. Yankuang Energy is publicly listed on the Shanghai and Hong Kong stock exchanges.
Making a significant contribution to regional NSW and Queensland via employment, training, and investment, Yancoal operates or manages mines in three states (NSW, QLD, WA), with shareholdings or allocated capacity at key NSW and QLD major coal terminals.
On 1 September 2017, Yancoal Australia Ltd acquired Coal & Allied from Rio Tinto for US$2.69 billion in value, comprising US$2.45 billion cash payable on completion and US$240 million in future non-contingent royalty payments over five years following completion and a coal price linked contingent royalty.
People are the heart of the Yancoal values.
Our people guide our direction. It’s our people who drive ideas, energy, capital, and enterprise, converting them into value for our stakeholders, customers, and shareholders.
We value involvement from everyone. Full engagement is encouraged, with 99% of what we need to know already in our people.
PathWay unlocks the power of choice, inspires us to do what we say we are going to do, and brings out the best in each of us. Working for Yancoal is an experience that makes a difference in our world.
Safety is not optional. It is considered in everything we do to eliminate harm to our people.
Safe Way helps people be mindful of why they care about safety, risks, and controls. It holds people accountable and ensures all elements are effective together, so people don’t just survive, they thrive.
Innovation involves continuously improving the business, so we are better than where we were last year, last month, last week, or even yesterday.
Better Way starts with each one of us being curious, stepping up, and having a voice. Every idea counts, even those that today seems impossible.
The aim is to generate ideas, share them and work together to make them real. The ideas worth implementing improve our workplace and create value for stakeholders.
Excellence is about identifying and implementing best practices.
High Way is a shared mindset of excellence where our people are proud to be part of Yancoal. They look for excellence in everything they do and reward their colleagues for the behaviors that set them apart and drive the business forward.
They know where they’re going and what it will take to go from great to excellent.
Integrity is about operating with ethics. Doing things because they're right, not just because we should.
The Right Way helps people think about their actions. People make decisions based on principles that impact others, consider the future, and deliver on what Yancoal stands for. The Right Way is not always easy but it is always rewarding.
Acting with integrity creates perceptions and shapes the company’s reputation, ensuring our people are confident to live the Code of Conduct In everything they do.
Paid parent leave of 15 weeks for eligible primary carers or 10 working days of paid leave for eligible secondary carers.
Superannuation is paid to eligible primary carers while on unpaid parental leave. Superannuation is also paid on a full-time basis for primary carers who return to work in a part-time capacity.
Financial assistance and study leave for approved qualifications to eligible employees
Company-wide employee recognition program to recognize and reward employees for living our values and contributing to the business with exemplary performance.
Yancoal’s MINE reward program celebrates and recognizes employee service milestones at each 5th anniversary.
Financial guidance from a leading bank is available to employees.
Salary sacrifice for various benefits including motor vehicles and superannuation for eligible employees.
Employee discounts are available via our supplier partners at multiple retailers, including major department stores, cinemas, restaurants, and petrol stations.
Yancoal supports the health and wellbeing of our employees by offering a range of health benefits such as influenza vaccinations.
Yancoal’s Community Support Program is one of the key ways it makes a positive difference in the areas it operates. We invest in community groups working in the areas of health, social and community, environment, education, and training.
Independent 24-hour, counseling and professional support services are available to all employees and their immediate family members.
Employees and their immediate family members have access to subsidized and/or discounted health insurance coverage.
Yancoal’s financial and operational success is underpinned by effective Environmental, Social, and Governance (ESG) practices, as outlined in our Environment and Community Relations Policy. Aligned to our objectives of operating our Company profitably and providing stable and rewarding employment for our workers, our ESG objectives include:
In 2020, we reviewed and refreshed our material ESG issues, which included the identification of a set of strategic ESG topics that are growing in significance to our stakeholders and that offer potential value creation opportunities across the business. These include: