YANCOAL shares have risen by 10 per cent since the company's latest quarterly report confirmed "record cash generation despite production slipping 20 per cent due to wet weather and pandemic disruptions".
The Chinese-backed company has long owned the Stratford Duralie, Moolarben and Ashton mines exporting through Newcastle, and in 2017 bought an 82.9 per cent stake in Mount Thorley Warkworth and a 51 per cent share of Hunter Valley Operations (with joint venture partner Glencore), after Rio Tinto decided to exit thermal coal.
