Terracom Ltd
TerraCom Limited is an Australia-based mining resources company.
The business
TerraCom Limited is an Australia-based mining resources company. The Company has a portfolio of assets in Australia and South Africa within the coal sector. Its Australian Business Unit comprises one operational mine, the flagship Blair Athol Coal Mine, located in Clermont, Queensland, which exports over 2.2 million tons per annum of thermal coal. The Springsure project consists of contiguous tenements, such as EPC 1674, EPC 1103 and MDL 3002 and is in the Central-Western Bowen Basin Coal Mining District of Queensland, covering approximately 1,178 km2. The Clyde Park Coal project consists of a tenement, EPC 1260, situated on the northeastern edge of the Galilee Basin in Queensland. The Northern Galilee project is a consolidation of the Hughenden and Pentland projects, comprising tenements covering over 2,160 km2. Its South African operations include Kangala Colliery, Ubuntu Collier, Eloff Project, New Clydesdale Colliery (NCC), Berenice Project and Cygnus Project.
Share price
Market Statistics
Valuation
Trading Activity
Performance
Latest news
TerraCom forecasts ‘significantly improved’ balance sheet for June quarter
Coal miner TerraCom (ASX: TER) is looking forward to a “significantly improved” balance sheet for the June quarter, with a forecast operating earnings before interest, tax, depreciation and amortisation (EBITDA) for the period of $224 million. Underpinning the higher EBITDA forecast is the expectation that 640,000 tonnes of coal from TerraCom’s Blair Athol mine in […]
TerraCom extends Blair Athol mine-life, reports solid coal production and sales for July
Queensland-based TerraCom (ASX: TER) has extended the life of its Blair Athol mine by 10 years, while reporting its South African operations had produced 614,000 tonnes of coal in July, a performance the company describes as “solid”. The mine life extension at Blair Athol in central Queensland follows an update to the reserve, which was […]
TerraCom secures new finance facility amid improving coal sales
Coal producer TerraCom (ASX: TER) has launched a refinancing initiative amid improving sales with the company on target to deliver 675,000 tonnes of thermal coal in the June quarter from Blair Athol. The company’s bond holders have unanimously approved an extension of the Euroclear Bond maturity date from 30 June 2021 to the 13 August 2021. TerraCom […]
TerraCom buys into Universal thermal coal assets for $35m
Queensland-based coal miner TerraCom (ASX: TER) has acquired a large chunk of fellow ASX miner Universal Coal (ASX: UNV), giving it exposure to thermal coal assets in South Africa. In an announcement today, TerraCom said it has reached a binding agreement to purchase about 19.99% of the issued share capital of Universal from Coal Development […]
Looking for charts & signals? See the tab.
Unlock the full research library - free.
Create a free account to access every broker report, CEO interview, IPO alert, and daily market wrap. No credit card. No paywall.