Middlemount Coal Pty Ltd (Middlemount) is an incorporated joint venture between Peabody Energy Australia Pty Ltd (50.003 % interest through Peabody Custom Mining Pty Ltd) and Yancoal Australia Ltd (49.997% interest through Gloucester (SPV) Pty Ltd).
Peabody is a leading coal producer, providing essential products to fuel basedload electricity for emerging and developed countries and create the steel needed to build foundational infrastructure. Our commitment to sustainability underpins our activities today and helps to shape our strategy for the future.
Yancoal is a leading low-cost Australian coal producer in the global seaborne market, producing a mix of premium thermal, semi-soft coking and PCI coals for export. Since 2004, Yancoal has generated over $10 billion in Foreign Direct Investment (FDI) for Australia and now owns, operates or participates in nine producing coal mines across NSW, Queensland and Western Australia. These operations support around 4,300 full time jobs, and in 2020 generated $0.5 billion in government contributions and created an overall value-added impact of $8.0 billion for the Australian economy. Yancoal has a diverse range of customers and in 2020 we exported our Australian coal to 19 countries. Yancoal is a public company, listed on both the Australian Securities Exchange (ASX: YAL) and the Stock Exchange of Hong Kong (HKSE: 3668), and is majority owned by Yanzhou Coal Mining Company Limited.