Yancoal Australia has announced – with its subsidiaries – the appointment of Ning Yue as an executive director, co-vice chairman of the Yancoal board, chair of the executive committee and a member of the health, safety, environment and community committee.
Yue is a senior engineer who has more than 20 years of experience in coal mining operations and management. His appointment to all four roles is effective from September 27.
Yue joined the predecessor company of Yankuang Energy in 2000, and is also a director of Shaanxi Future Energy Chemical Co – a subsidiary of Yankuang Energy.
Yancoal said Yue may be appointed to additional Yancoal and Yankuang Energy subsidiaries in the future as and when business needs arise.
“The board would like to take this opportunity to congratulate Yue on his appointment to the board and it looks forward to his involvement in helping support the company’s continued success,” the company said.
Yancoal also announced that Ning Zhang has resigned as one of the company’s executive director, co-vice chairman of the board, chair of the executive committee and member of the health, safety, environment and community committee. This also took effect from September 27.
The coal miner cited pursuing new career opportunities as the reason for Zhang’s departure.
“Zhang made a significant contribution to Yancoal; he oversaw the company navigate through the combined challenges of COVID-19, wet weather and labour shortages,” the company said.
“During this difficult period, Yancoal achieved record profits and retired all external interest-bearing loans. The board thanks Zhang for his service and wishes him well in the future.”
Following the retirement of Baocai Zhang in mid-September, Yancoal has appointed chairman Gang Ru as a member of the nomination and remuneration committee and will also be appointed as the chair of the strategy and development committee. This has also taken effect from September 27.