Production and Sales Performance - Yancoal Australia Ltd achieved a record saleable coal production of 50 million tons in FY2018, representing a 59% increase from 31.5 million tons in FY2017[10]. - Total coal sales reached 37.1 million tons in FY2018, up 68% from 22.1 million tons in FY2017[10]. - Coal production increased to 43 million tons in 2018, a 77% rise from 24 million tons in 2017, while salable coal production rose by 78% to 33 million tons[13]. - The company reported revenue from continuing operations of AUD 4,850 million for 2018, a significant increase from AUD 2,601 million in 2017, representing an 86% growth[11]. - The company’s customer base spans the Asia-Pacific region, with Japan, Singapore, China, South Korea, and Taiwan accounting for approximately 81% of coal revenue for the year ended December 31, 2018[40]. - The total coal sales for the year amounted to 37.1 million tons, compared to 22.1 million tons in 2017[174]. - The total raw coal production rose by 62% from 41.1 million tons in 2017 to 66.5 million tons in 2018, with significant contributions from major assets like Moranbah, MTW, and HVO, which increased from 26.7 million tons to 55.2 million tons[99]. - The total saleable coal production increased by 59% from 31.5 million tons in 2017 to 50.0 million tons in 2018, with major assets contributing to a rise from 21.1 million tons to 41.9 million tons[101]. Financial Performance - The total operating EBITDA for Yancoal was AUD 2.18 billion, an increase of AUD 1.19 billion compared to the previous year[8]. - The company reported a net profit after tax of AUD 852 million for FY2018, significantly up from AUD 229 million in FY2017[9]. - Operating EBITDA reached AUD 2,180 million, more than double the AUD 988 million recorded in 2017, indicating a 120% increase[11]. - The company achieved a net profit after tax of AUD 852 million in 2018, compared to AUD 229 million in 2017, reflecting a 271% increase[11]. - The operating cash flow for 2018 was AUD 1,747 million, up from AUD 408 million in 2017, marking a 328% increase[12]. - Total revenue increased by 80% from AUD 2,716 million in 2017 to AUD 4,891 million in 2018, primarily driven by coal sales revenue rising 81% from AUD 2,623 million to AUD 4,740 million[110]. - The company reported a significant increase in employee benefits, rising by 72% to 518 million AUD in 2018[106]. - The company paid an interim dividend of AUD 130 million and proposed a final dividend of AUD 377 million for 2018[158]. Debt and Capital Management - Yancoal reduced total debt by USD 1.4 billion since the acquisition of Coal & Allied Industries Ltd in September 2017[8]. - The company’s net debt decreased to AUD 3,093 million in 2018 from AUD 4,516 million in 2017, resulting in a net debt to equity ratio of 35%, down from 43%[12]. - The company plans to repay an additional USD 500 million in loans, reducing total debt by USD 1.4 billion compared to September 2017[147]. - The company raised AUD 268 million through its listing on the Hong Kong Stock Exchange, which will be used for debt repayment and general corporate purposes[22]. - The company’s financing arrangement includes a nine-year secured bond issuance for up to $950 million, aimed at supporting its asset interests[80]. Operational Efficiency and Cost Management - The company’s cash cost per ton (FOB) was AUD 63, slightly up from AUD 62 in FY2017 due to inflationary pressures in the coal mining industry[9]. - The average cash operating cost per ton, excluding government royalties, increased from AUD 62 in 2017 to AUD 63 in 2018, primarily due to a 123% rise in diesel costs[98]. - The average selling price of thermal coal rose from AUD 102 per ton in 2017 to AUD 123 per ton in 2018, while metallurgical coal prices increased from AUD 165 per ton to AUD 182 per ton[40]. - The company maintains strict cost control measures to ensure operational efficiency[190]. Safety and Environmental Initiatives - Safety training improvements led to a reduction in the total recordable injury frequency rate from 10.43 in 2017 to 7.74 in 2018[22]. - The company has established systems and procedures to collect and calculate required data for greenhouse gas emissions reporting[186]. - The company invested over AUD 800,000 in community support programs in Australia during 2018, focusing on health, social and community initiatives, environmental projects, and education and training[55]. - The company is actively supporting the development of low-emission technologies to reduce downstream emissions associated with coal consumption[52]. Future Outlook and Strategic Plans - The company plans to increase salable coal production to approximately 35 million tons in 2019, up from 32.9 million tons in 2018[16]. - The expected cash cost for 2019 is projected to remain stable at around AUD 62.5 per ton, compared to AUD 63 per ton in 2018[17]. - The company continues to explore and expand its tier-one assets, with significant projects aimed at increasing coal production capacity by an additional 6 million tons annually[15]. - The company aims to continue internal growth strategies and optimize its product portfolio to achieve operational efficiencies[36]. - Yancoal's 2019 coal production guidance is approximately 35 million tons[189]. Resource Management and Reserves - The total recoverable coal reserves for Moolarben are 274 million tons as of December 2018[59]. - The total recoverable coal reserves for Hunter Valley Operations are 796 million tons as of December 2018[61]. - The total recoverable coal reserves for the Stratford Duralie project are 44 million tons as of December 2018[62]. - The total recoverable coal reserves for the Yarrabee project are 52 million tons as of December 2018[67]. - The company holds 85% ownership in Moolarben and 82.9% ownership in Mount Thorley Warkworth[59][66]. Market and Sales Agreements - Yancoal has agreed to coal sales agreements with POSCO Australia, with a maximum annual transaction amount of USD 780 million for the fiscal year ending December 31, 2019[189]. - Revenue from Japan surged from AUD 489 million in 2017 to AUD 1,055 million in 2018, representing a 116% increase and accounting for 22% of total revenue[113].