Terracom Ltd
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 […]