Yancoal Australia will be added to the S&P/ASX 200 and S&P/ASX 300 indices from September 23.

Chief executive officer David Moult said this was a welcome event in Yancoal’s 20th anniversary year, and 12 years since its listing on the ASX.

“We were encouraged to see the notable increase in the company’s market valuation, average daily turnover and shareholder base during recent years as we recovered from extended rain disruptions and our free float increased,” he said.

“Yancoal provides investors with direct exposure to international coal markets.

“In the 12 months to 30 June 2024, Yancoal operations produced over 62 million tonnes of ROM coal and 36 million tonnes of attributable saleable coal.

“Our anticipated production rate over the remainder of 2024 puts us on track to be the second largest coal producer in Australia.

“We see the company’s inclusion in the S&P ASX indices providing a further opportunity to expand our investor base and bolster the trading liquidity of our shares.”

Yancoal owns, operates or participates in five mines in New South Wales, three in Queensland and one in Western Australia.

Its Queensland sites include Yarrabee, about 40km north-east of Blackwater, Cameby Downs, 30km north-west of Chinchilla, and the Middlemount mine (held in joint venture with Peabody Energy, 90km north-east of Emerald.

The index announcement from S&P Dow Jones follows Yancoal’s addition to the Hang Seng Composite, and inclusion in the list of stocks eligible for trading under the Stock Connect program with the mainland Chinese stock market in March 2023.

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