This will allow the miner to increase Cameby Downs thermal coal mine's output from 2.8 million tonnes a year to 3.5 million.
Yancoal Australia Mining News
Glencore expected to achieve annual cash savings of more than $300 million in its coal business by the end of 2018, but now it expects savings of more than $450 million by year-end.
Coronado files IPO prospectus, sets A$4-A$4.80 price range.
Company wants to become Australia’s largest independent coal producer.