March 2 (Reuters) - Yancoal Australia Ltd YAL.AX :
* From 14 March, the Donaldson Operation will reduce its current mining
activities from the running of three mining units to two at its abel
underground mine
* Donaldson operation will move to care and maintenance in June, following a
reduction in mining activities,commencement of new feasibility studies
* Move to maintenance is in response to ongoing global market challenges as
operation considers future development of new underground working areas
* Will also commence offering voluntary redundancies across its abel, ashton
and austar underground operations prior to the move to care and maintenance
* Says Yancoal will work to redeploy immediately-affected employees to its
neighbouring ashton underground mine
* Is seeking expressions of interest from donaldson employees willing to move
to austar and ashton
* Says Yancoal will continue to engage with its employees throughout the change
in operations to ensure they understand their options
* Says anticipated 11 fulltime roles will be required to support the operation
as it moves to care and maintenance
* Is committed to redeploying affected donaldson employees across its hunter
valley underground operations
* Says care and maintenance includes the ongoing rehabilitation of the
donaldson site in accordance with existing approvals
* Source text for Eikon ID:nASX6hZVHX