Chinese led Yancoal Australia Ltd (ASX: YAL) is no small fry, with a market cap of $6.15 billion, yet it somehow manages to slip under the radar in the commodities space.
But all of that could change if this quiet achiever keeps ticking boxes as it has been.
On Friday Yancoal delivered its quarterly report for the period ending June 30 2018, reporting sales volumes are up 96% on the previous corresponding period, with saleable coal production up 102% in the same time.
Yancoal has been paying down debt too, prepaying US$450 million in loans to the Bank of China and the China Construction Bank back in May.
Its share price has been stuck on a plateau for some time, but Yancoal is already making good from its US$2.45 billion acquisition of Coal and Allied Industries from Rio Tinto Limited (ASX: RIO) last year, and with an effort to improve its balance sheet since then, could be onto a winning formula.
This pure-play coal producer is no BHP Billiton Limited (ASX: BHP) just yet, but it's certainly one to watch.
