On November 6th, Mr. Li Xiyong, General Manager of Yankuang Group, Chairman of the Board of Yanzhou Coal Mining Company and Yancoal Australia, presided over the board meeting of Yancoal Australia in its head office in Sydney.

In his address, Mr. Li affirmed the efforts made by the staffs dispatched by Yankuang Group and local Australian operating team, showed his appreciation to everyone for their contribution to the progress of Yankuang Group and Yancoal Australia. Furthermore, he urged that each member of the board should perform his or her due diligence and manage to achieve improvement in decision-making, high efficiency and quality. He also required the operations team should continue to center on economic benefits, implement developing strategy, optimize operation program, adjust product structure scientifically, and promote a stable and healthy progress of Yancoal Australia, so as to support the development of Yanzhou Coal Mining Company and Yankuang Group with remarkable business performance.

The meeting briefed the minutes of Yancoal Australia’s board meeting held in August 16th and execution process of decisions made in recent board meetings, and the participants reviewed four reports, including the general operation of Yancoal Australia, operation from the beginning of 2013 to present as well as the budget enforcement of 2013, progress of Glue project, and reports on health, safety and environment conditions, and deliberated seven proposals such as 2014 budget of Yancoal Australia, five-year development plan, etc.

Mr. Lai Cunliang, Vice General Manager of Yankuang Group and Vice Chairman of Yancoal Australia, and other members of the board attended the meeting.

Mr. Shi Xuerang, Vice General Manager of Yankuang Group and director of Yanzhou Coal Mining, Mr. Zhang Yingmin, Vice General Manager of Yankuang Group and General Manager of Yanzhou Coal Mining Company, and relevant managers from Yanzhou Coal Mining Company and Yancoal Australia were invited to attend the meeting as non-voting delegates.