Yanzhou Coal Mining adheres to the combination of industrial operation and capital operation, actively and steadily implements the "going out" strategy, and has successively launched a series of investment activities in Australia, Canada and other countries with stable politics, sound laws and rich resources. , the company’s international operations have begun to show results. Since December 1999, Yanzhou Coal has cooperated with the Australian Federal Academy of Sciences to carry out technical research on "Application of fully mechanized mining top coal caving technology under Australian conditions" relying on its independent intellectual property rights and internationally advanced top coal caving technology. It has obtained 6 foreign patent authorizations, laying the foundation for the introduction of fully mechanized top coal caving technology into Australia and its participation in international coal development.
The first overseas resource development project completed by Yanzhou Coal Mining was the acquisition of Australia's Austar Coal Mine.
In 2004, relying on mature fully mechanized caving mining and fire prevention and extinguishing technologies, Yanzhou Coal spent US$23 million to successfully acquire Australia's Austar Coal Mine, which had lost its owner nine times due to spontaneous combustion, becoming China's first coal mine. It is a wholly-owned enterprise that "goes global" to develop overseas coal resources. It is the first company in Australia's history to adopt the fully mechanized top coal caving production process, realizing the transformation of China's coal industry from "three inputs" of talent, technology and capital to "three outputs". "historic transformation. As of the end of 2009, the cash flow achieved by the mine has basically equaled the investment, which is equivalent to recovering all investment.
In 2009, Yanzhou Coal seized the opportunity of the international financial crisis and adopted the method of "domestic guarantee and external loan" to invest 3.333 billion Australian dollars to acquire 100 shares of Felix Company, which became my country's largest investment in Australian history at that time. One of the acquisition transactions.
In 2011, Yanzhou Coal Mining acquired 100 shares of Xintek Company and 100 shares of Prema Coal Mine Project for 202.5 million Australian dollars and 296.8 million Australian dollars respectively.
In June 2012, Yancoal Australia, a subsidiary of Yanzhou Coal Mining, completed its merger with Gloucester Australia. On June 28, the merged Yancoal Australia Company was listed on the Australian Stock Exchange, becoming Australia's largest independent listed coal company.
As of December 31, 2012, Yanzhou Coal has 9 production mining areas and 6 exploration projects in Australia; the total designed coal production capacity is approximately 46.8 million tons/year. The total coal resources are 5.3 billion tons; it holds 27 shares of Newcastle Port, 5.6 shares of Wiggins Port, and has a port quota of 26.8 million tons. In September 2011, Yanzhou Coal acquired 19 potash exploration license blocks in Saskatchewan, Canada for US$260 million. As of the end of 2012, 9 drilling exploration constructions in two key areas have been completed, and an international mineral assessment report has been completed in one of the key areas. The potassium salt resources have reached 4.73 billion tons. The mineral deposits are stable, of high grade, and have good commercial development prospects. , is the best quality and largest potash resource currently obtained by Chinese companies in Canada.