The Motley Fool

Under-the-radar coalminer Yancoal Australia Ltd (ASX:YAL) export sales soar

Chinese led Yancoal Australia Ltd (ASX: YAL) is no small fry, with a market cap of $6.15 billion, yet it somehow manages to slip under the radar in the commodities space.

But all of that could change if this quiet achiever keeps ticking boxes as it has been.

On Friday Yancoal delivered its quarterly report for the period ending June 30 2018, reporting sales volumes are up 96% on the previous corresponding period, with saleable coal production up 102% in the same time.

Yancoal has been paying down debt too, prepaying US$450 million in loans to the Bank of China and the China Construction Bank back in May.

Its share price has been stuck on a plateau for some time, but Yancoal is already making good from its US$2.45 billion acquisition of Coal and Allied Industries from Rio Tinto Limited (ASX: RIO) last year, and with an effort to improve its balance sheet since then, could be onto a winning formula.

This pure-play coal producer is no BHP Billiton Limited (ASX: BHP) just yet, but it’s certainly one to watch.

NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%...

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.