Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
兗州煤業股份有限公司
YANZHOU COAL MINING COMPANY LIMITED
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1171)
ANNOUNCEMENT
Provision of Financial Guarantee to the Company's Controlled Subsidiaries and Invested Companies and Granting of Authorization to Yancoal Australia and Its Subsidiaries to Provide Guarantee for the
Daily Operation of the Subsidiaries of Yanzhou Coal in Australia
This announcement is made pursuant to the disclosure obligations under Part XIVA of the Securities and Futures Ordinance and Rules 13.09(2)(a) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
I. General overview of the authorization of guarantee (1) Basic information on the authorization of guarantee
1. In order to reduce financing costs of its controlled subsidiaries and invested companies and to ensure that the normal operation funding needs of its controlled subsidiaries and invested companies can be satisfied, Yanzhou Coal Mining Company Limited ("Yanzhou Coal" or the "Company") submit to the shareholders' general meeting for authorizing the provision of financial guarantee by the Company and its controlled subsidiaries to their respective controlled subsidiaries and invested companies for a total amount not exceeding USD 7 billion or its equivalents. Provision of guarantees to invested companies shall abide by regulations in relation state-owned assets supervision.
2. In order to meet the normal operational needs of the Company's subsidiaries in Australia (the "Australian Subsidiaries"), Yancoal Australia Limited ("Yancoal Australia") and its subsidiaries need to provide guarantees for a total amount of not more than AUD 1.2 billion to the Australian Subsidiaries for their daily operations. With reference to the common practice of the daily operations of operating companies in Australia, the relevant parties often provide guarantees to the subsidiaries. The guarantees for operation concerned include the provision of guarantee by Yancoal Australia to its subsidiaries, by the subsidiaries of Yancoal Australia to their subsidiaries, and by Yancoal Australia and its subsidiaries to the subsidiaries of Yancoal International (Holding) Co., Ltd.* (兗煤國際(控 股)有限公司) ("Yancoal International") in Australia. Such guarantees are mainly made in the form of bank guarantee.
(2) Details of the authorization of guarantee
1. To approve the provision of financial guarantee by the Company and its controlled subsidiaries to their respective controlled subsidiaries and invested companies for an amount not exceeding USD 7 billion or its equivalents.
2. To approve the provision of guarantees for not more than AUD 1.2 billion by Yancoal Australia and its subsidiaries to the Australian Subsidiaries for their daily operations.
3. To approve the granting of authorization to any one of the directors of the Company (the "Board") to deal with matters in relation to the aforesaid financial guarantees in accordance with the relevant laws and regulations. Such matters include but are not limited to the following:
(1) to determine the appropriate controlled subsidiaries and invested companies which will be provided with the guarantees based on the financing needs;
(2) to determine the exact terms and conditions of the guarantee agreements, which include but are not limited to the amount, term, scope and method of guarantee; and executing the guarantee agreement(s) involved and other relevant legal documents; and
(3) to deal with the filing and reporting of documents and information in respect of the guarantee(s) and other relevant matters.
4. The aforementioned authorization shall become valid on the date of the conclusion of the 2020 annual general meeting until the date of conclusion of the next annual general meeting of the Company, except where the circumstances require the person so authorized to exercise his powers after the expiry of the term of authorization in relation to any contracts, agreements or decisions regarding the financial guarantees that have been made within the term of authorization.
(3) Internal decision-making procedures for the authorization of guarantee
The "Proposal in relation to provision of financial guarantee to the Company's controlled subsidiaries and invested companies and granting of authority to Yancoal Australia and its subsidiaries to provide guarantees for the daily operation of the subsidiaries of the Company in Australia" was considered and approved at the 11th meeting of the eighth session of the Board held on 26 March 2021, and will be submitted to the 2020 annual general meeting for consideration and approval.
II. Basic Information of the Guaranteed Parties
For the basic information of the guaranteed parties, please refer to Appendix 1 -Basic information of the Company's controlled subsidiaries and invested companies which are proposed to be guaranteed, Appendix 2 -Basic information of the subsidiaries of Yancoal Australia which are proposed to be guaranteed, and Appendix 3 - Basic information of the subsidiaries of Yancoal International which are proposed to be guaranteed.
III. Contents of the Guarantee Agreement and Guaranteed Parties
As of the date of this announcement, the Company has not entered into any guarantee agreement. The Company will strictly fulfil its obligations in relation to the guarantees based on the arrangements of the financing activities and the actual circumstances facing the Company during the term of the authorization in accordance with the authorization by the shareholders at the general meeting.
IV. Opinion of the Board and Independent Non-executive Directors
The Board and the independent non-executive directors of the Company are of the view that the matters in relation to the provision of financial guarantee by the Company to its controlled subsidiaries and invested companies and the granting of authorization to Yancoal Australia and its subsidiaries to provide guarantees for the daily operation of the Australian Subsidiaries meet the operational development needs of the Company, its controlled subsidiaries and invested companies; the provision of guarantees by Yancoal Australia and its subsidiaries to the Australian Subsidiaries is for the daily operational needs and in compliance with the laws and regulations and the local operating practice in Australia. As the abovementioned guaranteed parties are either controlled subsidiaries or invested companies of the Company, the Company therefore believes that the risk arising from the guarantee can be effectively controlled and prevented, and that the guarantee will not be detrimental to the interests of the Company and its shareholders as a whole.
V. Number of Cumulative External Guarantees and Overdue Guarantees
As at 31 December 2020, the accumulative balance of the external guarantees provided by the Company was RMB 30.427 billion in aggregate, representing 56.22% of the audited net assets of RMB54.118 billion of the Company in 2020 calculated in accordance with the PRC Accounting Standards.
The guaranteed parties and the guarantees are as follows: 1. Yancoal Australia
As considered and approved at the 2018 annual general meeting of the Company, the Company provided a guarantee to Yancoal Australia, a controlled subsidiary of the Company. As at 31 December 2020, the balance of the aforementioned guarantee was USD 1.275 billion.
2. Yancoal International (Holding) Company Limited ("Yancoal International")
As considered and approved at the Company's 2018 annual general meeting, the Company provided a guarantee to Yancoal International, a wholly-owned subsidiary of the Company. As at 31 December 2020, the balance of the abovementioned guarantee was USD 0.29 billion.
3. Yancoal International Resources Development Co., Ltd.* ( 兗煤國際資源開發有限公司) ("Yancoal International Resources")
As considered and approved at the Company's second extraordinary general meeting in 2012, the Company provided a guarantee to Yancoal International Resources, a wholly-owned subsidiary of the Company. As at 31 December 2020, the balance of the abovementioned guarantee was USD 0.104 billion.
As considered and approved at the 2017 annual general meeting of the Company, the Company provided a guarantee to Yancoal International Resources. As of 31 December 2020, the balance of the abovementioned guarantee was USD 335 million.
As considered and approved at the 2019 annual general meeting of the Company, the Company provided a guarantee to Yancoal International Resources. As at 31 December 2020, the balance of the abovementioned guarantee was USD 500 million.
4. Qingdao Zhongyin Ruifeng International Trade Co., Ltd.* (青島中垠瑞豐國際貿易有限公司) ("ZhongyinRuifeng")
As considered and approved at the 2018 annual general meeting of the Company, the Company provided a guarantee to Zhongyin Ruifeng, a controlled subsidiary of the Company. As at 31 December 2020, the balance of the abovementioned guarantee was RMB 0.94 billion.
As considered and approved at the 2019 annual general meeting of the Company, the Company provided a guarantee to Zhongyin Ruifeng. As at 31 December 2020, the balance of the abovementioned guarantee was RMB 1.8 billion
5. Zhongyin Financial Leasing Co., Ltd.* (中垠融資租賃有限公司) ("Zhongyin Financial Leasing")
As considered and approved at the 2016 annual general meeting of the Company, the Company provided a guarantee to Zhongyin Financial Leasing, a wholly-owned subsidiary of the Company. As at 31 December 2020, the balance of the abovementioned guarantee was RMB 30 million.
As considered and approved at the 2018 annual general meeting of the Company, the Company provided a guarantee to Zhongyin Financial Leasing. As at 31 December 2020 the balance of the abovementioned guarantee was RMB 583 million.
6. Qingdao Bonded Area Zhong Yan Trading Co., Ltd.* (青島保稅區中兗貿易有限公司) ("Qingdao Zhong Yan")
As considered and approved at the 2018 annual general meeting of the Company, the Company provided guarantee to Qingdao Zhong Yan, a wholly-owned subsidiary of the Company. As at 31 December 2020, the balance of the abovementioned guarantee was RMB 1.9 billion.
As considered and approved at the 2019 annual general meeting of the Company, the Company provided a guarantee to Qingdao Zhong Yan, a wholly-owned subsidiary of the Company. As at 31 December 2020, the balance of the abovementioned guarantee was RMB 755 million.
7. Duanxin Supply Chain (Shenzhen) Co., Ltd. ("Duanxin Shenzhen")
As considered and approved at the 2017 annual general meeting of the Company, the Company provided guarantee to Duanxin Shenzhen, a wholly-owned subsidiary of the Company. As at 31 December 2020, the balance of the abovementioned guarantee was RMB 30 million.
8. Duanxin Commercial Factoring (Shenzhen) Co., Ltd ("Duanxin Factoring")
As considered and approved at the 2017 annual general meeting of the Company, the Company provided guarantee to Duanxin Factoring, a wholly-owned subsidiary of the Company. As at 31 December 2020, the balance of the abovementioned guarantee was RMB 50 million.
9. Shandong Zhongyin International Trade Co., Ltd. ("Zhongyin International Trade")
As considered and approved at the 2018 annual general meeting of the Company, the Company provided guarantee to Zhongyin International Trade, a wholly-owned subsidiary of the Company. As at 31 December 2020, the balance of the abovementioned guarantee was RMB 200 million.
10.
Inner Mongolia Mining (Group) Company Limited ("Inner Mongolia Mining")As approved by the third meeting of the eighth session of the Board, the Company participated in the capital increase of Inner Mongolia Mining through tender process in the Inner Mongolia Property Rights Trading Center and acquired 51% of equity interests in Inner Mongolia Mining. Before the completion, Inner Mongolia Mining provided a guarantee in an amount of RMB 400 million to Inner Mongolia Mining Geological Survey Co., Ltd. and a guarantee in an amount of RMB 240 million to Inner Mongolia Geological Mining (Group) Company Limited. As at the date of this announcement, the guarantees mentioned above were not yet released.
As considered and approved at the 2021 first extraordinary general meeting of the Company, Inner Mongolia Mining provided a guarantee to Ulanqab Hongda Co. Ltd. ("Ulanqab Hongda"), its wholly-owned subsidiary, in an amount of RMB 578 million; provided a guarantee to Ordos Fengwei Photoelectricity Co., Ltd.. ("Ordos Fengwei"), its wholly-owned subsidiary, in an amount of RMB 483 million; provided a guarantee to Inner Mongolia Jinkong Financial Leasing Co., Ltd., its controlled subsidiary, in an amount of RMB 53 million; and provided a guarantee to Inner Mongolia Jinlian Aluminum Co., Ltd., its invested company, in an amount of RMB 809 million. Ordos Fengwei and Ulanqab Hongda provided a guarantee in an amount of RMB 550 million and RMB 326 million to Inner Mongolia Mining, respectively.
11.
Shaanxi Future Energy Co., Ltd. ("Future Energy")As considered and approved at the 2021 first extraordinary general meeting of the Company, Future Energy provided a guarantee to Shaanxi Future Clean Chemical Co., Ltd., its controlled subsidiary, in an amount of RMB 12 million, and a guarantee to Shaanxi Jingshen Raiway Co., Ltd., its controlled subsidiary, in an amount of RMB 292 million
12.
Australian SubsidiariesAs at 31 December 2020, Yancoal Australia and its subsidiaries has performance deposit and guarantee for operational necessity in a total amount of AUD 809 million.
The Company did not have overdue guarantee.
VI. Document Available For Inspection
The resolutions passed at the 11th meeting of the eighth session of the Board of Yanzhou Coal Mining Company Limited.
By order of the Board Yanzhou Coal Mining Company Limited
Li Xiyong
Chairman
Zoucheng, Shandong Province, thePRC
26 March 2021
As at the date of this announcement, the directors of the Company are Mr. Li Xiyong, Mr. Liu Jian, Mr. Wu Xiangqian, Mr. Zhao Qingchun, Mr. He Jing and Mr. Wang Ruolin, and the independent non-executive directors of the Company are Mr. Tian Hui, Mr. Zhu Limin, Mr. Cai Chang and Mr. Poon Chiu Kwok
Appendix 1: Basic information of the Company's controlled subsidiaries and invested companies which are proposed to be guaranteed
Unit: RMB100 million
No. | Name of company | Place of registrat ion | Registered capital | Percenta ge of sharehold ing | Scope of operations | 31 December 2020 | 2020 | ||||||
Total assets | Total liabilitie s | Net assets | Debt/ass et ratio | Curren t liabilit ies | Bank loans | Operat ing incom e | Net profit | ||||||
1 | Yancoal Australia Ltd. | Australi a | AUD 6.027 billion | 62.26% | Coal mining and sales of coal | 554.53 | 293.96 | 260.57 | 53.01% | 60.06 | 101.19 | 176.77 | -44.37 |
2 | Yancoal International (Holding) Co., Ltd. | Hong Kong | USD 689 million | 100% | Foreign investment, development of mining technology, transfer and consulting services, import and export trade | 147.02 | 99.83 | 47.19 | 67.90% | 83.52 | 29.36 | 0.19 | 2.45 |
3 | Yancoal International Resources Development Co., Ltd. | Hong Kong | USD 0.6 million | 100% | Exploration and development of mining resources | 57.08 | 62.83 | -5.75 | 110.07% | 1.84 | - | - | -0.85 |
4 | Yancoal International Technology Development Co., Ltd | Hong Kong | USD 1 million | 100% | Development, transfer and consultation services of mining technology | 8.53 | 6.12 | 2.41 | 71.74% | 6.12 | - | 0.03 | 0.02 |
5 | Zhongyin Financial Leasing Co., Ltd. | Shangha i | RMB 7 billion | 100% | Financial leasing business, leasing business, purchase of leasing property from the domestic and | 140.42 | 69.49 | 70.92 | 49.49% | 36.89 | 6.00 | 7.74 | 4.22 |
overseas market
overseas market | |||||||||||||
6 | Qingdao Zhongyin Ruifeng International Trade Co., Ltd. | Shandon g Qingdao | RMB 200 million | 51% | International trade, carrying trade, import and export of self-operated commodities | 69.88 | 66.94 | 2.94 | 95.79% | 66.94 | 7.70 | 189.71 | 0.23 |
7 | Zhongyin Ruifeng (Hong Kong) Co., Ltd. | Hong Kong | HKD 10 million | 51% | International trade, carrying trade, import and export of self-operated commodities | 1.83 | 1.53 | 0.29 | 83.84% | 1.53 | 1.16 | 88.34 | 0.04 |
8 | Shandong Zhongyin International Trade Co., Ltd. | Shandon g Jinan | RMB 300 million | 100% | Import and export of commodities and technologies, sale of coal and coal mining machinery equipment and accessories etc. | 16.60 | 8.24 | 8.37 | 49.61% | 8.24 | 0.10 | 116.84 | 1.64 |
9 | Qingdao Zhong Yan Trading Co., Ltd. | Shandon g Qingdao | RMB 50 million | 100% | Trade of domestic bulk commodities, international trade, carrying trade, import and export of self-operated commodities | 10.59 | 9.17 | 1.42 | 86.63% | 9.17 | 3.99 | 131.78 | 0.38 |
10 | Zhongyin Tai'an Financial Leasing Co., Ltd. | Shandon g Tai'an | RMB 1.593 billion | 70% | Financial leasing business, leasing business | 18.88 | 1.51 | 17.37 | 7.98% | 1.13 | 0.38 | 0.84 | 0.30 |
11 | Duanxin (Shenzhen) Investment Holding Co., Ltd. | Guangd ong Shenzhe n | RMB 1.1 billion | 100% | Equity investment, entrusted asset management, investment management | 5.51 | 0.01 | 5.50 | 0.05% | 0.01 | - | 0.00 | 0.01 |
12 | Duanxin Commercial Factoring | Guangd ong Shenzhe | RMB 100 Million | 100% | Commercial factoring business, trading business | 1.39 | 0.23 | 1.16 | 16.78% | 0.23 | - | 0.04 | 0.09 |
(Shenzhen)n
(Shenzhen) Co., Ltd. | n | ||||||||||||
13 | Duanxin Supply Chain (Shenzhen) Co., Ltd. | Guangd ong Shenzhe n | RMB 100 million | 100% | Supply chain management and relevant supporting services, trading business | 11.69 | 4.90 | 6.79 | 41.94% | 4.90 | - | 1.48 | -0.02 |
14 | Yanzhou Coal Blue Sky Clean Energy Co. Ltd. | Shando ng Jining | RMB 310 million | 100% | Manufacturing and sale of environmentally-friendly furnace; clean heating; environmental protection projects | 5.46 | 2.58 | 2.87 | 47.33% | 2.58 | - | 2.61 | 0.03 |
15 | Shaanxi Future Energy Co., Ltd. | Yulin, Shaanxi | RMB 5.4 billion | 73.9725 % | R&D, production and sale of chemical products | 200.33 | 89.06 | 111.27 | 44.46% | 41.09 | 54.49 | 84.62 | 20.17 |
16 | Shaanxi Future Clean Oil and Chemical Sales Co., Ltd. | Yulin, Shaanxi | RMB 50 million | 100% held by Shaanxi Future Energy | Sale of petroleum and chemical products | 1.69 | 0.90 | 0.79 | 53.35% | 0.90 | - | 14.15 | 0.12 |
17 | Shaanxi Future Clean Chemical Sales Co., Ltd. | Yulin, Shaanxi | RMB 30 million | 51% held by Shaanxi Future Energy Co., Ltd | R&D ofFischer -Tropschsynthesisproduct;production, storage and sales of liquid paraffin; Fischer-Tropsch synthetic paraffin, ope-wax, emulsifying wax | 1.59 | 1.25 | 0.34 | 78.64% | 1.13 | 0.12 | 0.35 | 0.04 |
18 | Yankuang Yulin Fine Chemicals Co., Ltd | Yulin, Shaanxi | RMB 46.2 million | 100% | Sales and production of chemical products | 2.55 | 0.97 | 1.58 | 37.83% | 0.96 | - | 1.84 | 0.21 |
19 | Yankuang Lunan Chemicals Co., Ltd. | Tengzh ou, Shando ng | RMB 5.041 billion | 100% | Sales and production of chemical products overseas market | 110.21 | 51.21 | 59.00 | 46.47% | 42.32 | 21.82 | 63.72 | 3.07 |
20 | Yankuang Jining Chemicals Co., Ltd. | Jining, Shando ng | RMB 112 million | 100% | Manufacturing and repair of chemical equipment and parts | 0.92 | 0.38 | 0.54 | 41.30% | 0.33 | - | 0.70 | 0.03 |
21 | Yankuang Coal Chemical Supply and Sales Co., Ltd. | Jining, Shando ng | RMB 260 million | 100% | Sales and production of chemical products | 6.86 | 5.87 | 0.99 | 85.57% | 5.87 | - | 85.59 | 0.12 |
22 | Shandong Yankuang Jisan Power Co., Ltd. | Shando ng Jinan | RMB 430 million | 99% | Thermal power generation, heat supply | 14.46 | 8.27 | 6.19 | 57.18% | 1.83 | 3.85 | 4.24 | 0.76 |
23 | Shaanxi Jingshen Raiway Co., Ltd. | Yulin, Shaanxi | RMB 6.2 billion | 4% held by Shaanxi Future Energy Co Ltd | Railway construction and transportation | 148.45 | 90.48 | 57.98 | 60.95% | 10.48 | 80.00 | 11.53 | -0.21 |
24 | Ordos Zhuanlongwa n Coal Co., Ltd. | Ordos, Inner Mongolia | RMB 5.05 billion | 100% | Exploration and sales of coal | 110.19 | 56.22 | 53.97 | 51.02% | 11.03 | - | 30.45 | 6.67 |
25 | Ordos Yingpanhao Coal Co., Ltd. | Ordos, Inner Mongolia | RMB 3 billion | 100% | Exploration and sales of coal | 83.84 | 52.84 | 31.00 | 63.02% | 15.67 | - | 12.09 | 0.62 |
26 | Inner Mongolia Haosheng Coal Co., Ltd. | Ordos, Inner Mongolian | RMB 1.185 billion | 59.38% | Exploration and sales of coal | 131.40 | 77.59 | 53.81 | 59.05% | 17.91 | - | 24.36 | 5.48 |
27 | Inner Mongolia Rongxin ChemicalsCo. , Ltd. | Ordos, Inner Mongolia | RMB 1.533 billion | 100% | R&D, production and sales of chemical products | 102.31 | 74.19 | 28.13 | 72.51% | 13.64 | - | 16.69 | 1.31 |
28 | Yanzhou Coal Yulin Neng Hua Co., Ltd. | Yulin, Shaanxi | RMB 1.4 billion | 100% | R&D, production and sales of chemical products | 52.51 | 35.65 | 16.86 | 67.89% | 12.57 | - | 10.70 | 0.60 |
29 | Inner Mongolia Mining Group Co., Ltd. | Hohhot, Inner Mongolia | RMB 6.997 billion | 51% | Investment and management of mineral assets, sale and import and export of mineral products | 146.89 | 133.29 | 13.6 | 90.74% | 120.38 | 44.30 | 0 | -5.63 |
30 | Ulanqab Hongda Co. Ltd. | Ulanqab, Inner Mongolia | RMB 550 million | 100% held by Inner Mongo lia Mining | Manufacturing and sale of environmentally-friendly furnace; clean heating; environmental | 19.57 | 14.67 | 4.9 | 74.96% | 9.95 | 8.59 | 0.31 | |
31 | Ordos Fengwei Photoelectrici ty Co., Ltd. | Ordos, Inner Mongolia | RMB 180 million | 100% held by Inner Mongo lia Mining | Operation and construction of solar power and wind power generation projects | 8.36 | 5.09 | 3.27 | 60.89% | 2.72 | 1.29 | 0.61 | |
32 | Inner Mongolia Mineral Resources Investment Holding Co., Ltd. | Hohhot, Inner Mongolia | RMB 400 million | 100% held by Inner Mongo lia Mining | Ulanqab Caosiyao Molybdenum Mine | 21.24 | 0.35 | 20.89 | 1.65% | 0.35 | 0 | -0.06 | |
33 | Inner Mongolia Jinkong Financial Leasing Co., Ltd | Hulun Buir, Inner Mongolia | RMB 1.2 billion | 55% held by Inner Mongoli a Mining | Provision of financial leasing and domestic commercial factoring business | 8.85 | 1.98 | 6.87 | 22.37% | 1.98 | 1.10 | 0.03 | |
34 | Ordos Lvneng Photoelectrici ty Co., Ltd. | Ordos, Inner Mongolia | RMB 1.2 billion | 90.29% held by Inner Mongo lia Mining | Sale of crystalline silicon, solar power bank, photovoltaic and wind power parts | 6.64 | 8.35 | -1.71 | 125.75% | 4.78 | 0 | -0.56 | |
35 | Ordos Cultural Industrial Park Culture and Education Co., Ltd. | Ordos, Inner Mongolia | RMB 209.034 million | 63.3% held by Inner Mongo lia Mining | R&D of educational software, planning and organization of educational and cultural activities, educational and cultural exchange | 1.56 | 0.04 | 1.52 | 2.56% | 0.04 | 0 | 0.00 | |
36 | Inner Mongolia Yitai Galutu Mining Co., Ltd. | Ordos, Inner Mongolia | RMB 1 billion | 52.77% held by Inner Mongoli a Mining | Raw coal production, transportation, washing and selection, coking and sales | 10.01 | 0.00 | 10.01 | 0.00% | 0.00 | 0 | 0.01 | |
37 | Inner Mongolia Dongneng Energy Co., Ltd. | Hohhot, Inner Mongolia Mining | RMB 47.95 million | 46.18% held by Inner Mongoli a Mining | Sales of mineral products (not subjected to approval), investment and management of mineral assets | 0.09 | 0.03 | 0.06 | 33.33% | 0.03 | 0 | -0.03 | |
38 | Inner Mongolia Xineng Energy Co., Ltd. | Alxa League Inner Mongolia Mining | RMB 90 million | 35.50% held by Inner Mongoli a Mining | Sales of mineral products, investment and management of mineral assets, survey of mining right application and development of external cooperation | 0.72 | 0.01 | 0.71 | 1.39% | 0.01 | 0.03 | -0.04 | |
39 | Inner Mongolia Jinlian Aluminum Co., Ltd. | Holingol, Inner Mongolia Mining | RMB 10.5 billion | 44.21% held by Inner Mongoli a Mining | Post processing of aluminum, production and sales of aluminum ingots, aluminum products and derivatives, import and export of goods and | 184.94 | 111.29 | 73.65 | 60.18% | 82.73 | 17.75 | 122.99 | 6.60 |
Holingol, RMB 100 | 30% |
held by | mechanical and |
Inner | electrical equipment, |
Mongoli | labor protection |
a Mining | supplies, coal |
Distribution of mine
0
-0.06
Appendix 2: Basic information of the subsidiaries of Yancoal Australia which are proposed to be guaranteed
Unit: AUD100 million
Name of company | Place of registration | Registered capital | Percentag e of sharehold ing | Scope of operations | 31 December 2020 | 2020 | ||||||
Total assets | Total liabilities | Net assets | Debt/ass et ratio | Current liabilities | Bank loans | Operating revenue | Net profits | |||||
Ashton Joint Venture Company | Non-legal person joint venture company | N/A | 100% | Coal mining, washing and preparatio n | 3.34 | 3.26 | 0.08 | 97.60% | 1.46 | - | 2.00 | 0.62 |
Austar Coal Mine Pty Limited | State of Victoria | AUD 64,000,000 | 100% | Coal mining, washing and preparatio n | 2.44 | 5.60 | -3.16 | 229.72% | 0.23 | - | 0.52 | -1.04 |
Donaldson Coal Pty Ltd | State of New South Wales | AUD 3,636,115.53 | 100% | Coal mining, washing and preparatio n | 4.58 | 0.35 | 4.23 | 7.72% | 0.58 | - | 0.004 | -0.44 |
Duralie Coal Mine Pty Limited | State of New South Wales | AUD 2 | 100% | Coal mining, washing and preparatio n | 1.59 | 4.88 | -3.29 | 307.12% | 4.76 | - | - | -0.01 |
Stratford Coal Mine Pty Limited | Western Australia | AUD 10 | 100% | Coal mining, washing and | 7.11 | 22.86 | -15.75 | 321.44% | 21.05 | - | 0.49 | -1.27 |
Moolarben Joint Venture Company
Yancoal Resources LimitedNon-legal person joint venture companyState of New South WalesYarrabee Coal Company Pty Ltd.
Hunter ValleyWark Hill AssociateMount Thorley AssociateState of QueenslandN/AAUD 444,712,130
AUD 92,080
State of New South WalesN/A
95%
100%
100%
51%State of New South WalesN/AState of New South Wales
Coal mining, 55.57% washing and preparatio n
N/Apreparatio n
Coal mining, washing and preparatio n
Coal mining, exploratio n
Coal mining, washing and preparatio n
Coal mining, washing and preparatio n
80.00%
Coal mining,washing and preparatio n
41.65
8.63
7.03
10.84
4.02
3.50
3.20
1.86
30.80
4.62
3.54
15.97
1.50
13.30
4.35
26.04%
2.84
46.52%
4.03
49.71%
0.61
1.48
1.17
-12.02
3.90
--3.38
6.16
-0.20
-0.51
7.37
0.33
2.82
6.54
Appendix 3: Basic Information of the subsidiaries of Yancoal International which are proposed to be guaranteed
Unit: AUD100 million
Guaranteed company | Place of registration | Registered capital | Percentag e of sharehold ing | Scope of operations | 31 December 2020 | 2020 | ||||||
Total assets | Total liabilities | Net assets | Debt/as set ratio | Current liabilities | Bank loans | Revenue | Net profit | |||||
Athena Joint Venture Company | Non-legal person joint venture company | N/A | 51% | Exploratio n | 0.45 | 0.24 | 0.21 | 53.72% | 0.16 | - | 0.03 | 0.02 |
Premier Coal Limited | Western Australia | AUD 3,885, 679 | 100% | Coal mining, washing and preparation | 3.07 | 1.29 | 1.78 | 41.99% | 0.62 | - | 0.48 | 0.06 |
Syntech Resources Pty Ltd. | State of New South Wales | AUD 64,826.90 | 100% | Coal mining, washing and preparation | 8.66 | 6.90 | 1.76 | 79.63% | 5.93 | - | 1.70 | -0.43 |
Tonford (Holding) Ltd | State of Victoria | AUD 46,407,918 | 100% | Exploratio n | 0.56 | 0.26 | 0.30 | 45.98% | 0.09 | - | - | - |
Wilpeena (Holding) Ltd | State of Victoria | AUD 3,457,382 | 100% | Exploratio n | 0.16 | 0.14 | 0.02 | 86.42% | -0.02 | - | - | - |
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Yanzhou Coal Mining Co. Ltd. published this content on 26 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2021 09:46:08 UTC.