While the potential transaction would be subject to a number of conditions, including regulatory and shareholder approval, it could see Yancoal being de-listed from the ASX. Yankuang Energy pointed out to its shareholders that Yancoal has a significant resources reserve, with 6.013-billion tonnes of coal resources and 819-million tonnes of saleable coal reserves, and is currently Australia's largest pure coal company with 63.2-million tonnes of raw coal production and 38.6-million tonnes of equity saleable coal production in 2021, comprising 31.1-million tonnes of thermal coal and 7.5-million tonnes of metallurgical coal. Yancoal's Hunter Valley Operations, Mount Thorley Warkworth and Moolarben mines are all world-class coal assets with long mine life, low operating costs and well-developed operations, Yankuang Energy noted.