During the period from July 16th to 22nd, Mr. Li Xiyong, chairman of Yanzhou Coal Mining Co., Ltd., and Mr. Yin Mingde, the general manager, visited Yancoal Australia Ltd. (Yancoal Australia) for a comprehensive investigation. During their investigation in Middlemount Mine, Austar Mine, Moolarben Mine and Premier Mine, etc., they made an in-depth discussion with management team of Yancoal Australia for detailed understanding of production organization, cost saving & profitability, operating profits, etc..

Mr. Li Xiyong expressed his satisfaction on positive development trend due to the cost saving, profitability and other measures taken by Yancoal Australia under the tough market situation. Regarding the business of the second half of 2014, Mr. Li Xiyong emphasized that Yancoal Australia should firm the confidence, actively respond to market changes and ensure the achievement of annual targets. He stressed that Yancoal Australia should realize the priority of safety in production, strictly control the capital expenditure, avoid the occurrence of non productive expenses; further strengthen the fund management, risk management, coal quality management; strengthen the development of centralized purchasing and coal blending; increase the levels of cost saving & profitability and actively advance the projects of Moolarben 2nd Stage, etc.