Yancoal Signs US$23m 2026 Freight Deal With Yankuang Subsidiary Wubo

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2025.12.22 08:39
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Yancoal Australia announced a US$23 million freight deal with Wubo, a subsidiary of Yankuang Energy, effective from 2026. The agreement supports sales expansion on a cost-and-freight basis, with freight rates set via competitive tenders. The deal enhances logistics flexibility without requiring independent shareholder approval. Yancoal is a major coal producer supplying power generators and steelmakers, listed in Hong Kong and Australia.