TerraCom acquires Blair Athol Coal Mine
Published by Angharad Lock,
Digital Assistant Editor
World Coal,
TerraCom Ltd has announced that the company is to acquire Blair Athol Coal Mine in Queensland, Australia. The acquisition price is AUS$1 and TerraCom will receive AUS$80 million from the Blair Athol Coal joint venture to meet the mine’s rehabilitation liability. The acquisition comprises mining leases, licences, land, contracts and all mining equipment.
The company plans to start 50 ha. of site rehabilitation with a production rate of approximately 2 million tpy of coal expected.
Edited from press release by Angharad Lock
Read the article online at: https://www.worldcoal.com/coal/04072016/terracom-acquires-blair-athol-coal-mine-1063/
You might also like
Telemetric load monitoring in underground conveyor chains
Jörg Wittkamp presents a novel telemetric measuring system, developed by Grünewald GmbH in cooperation with Thiele GmbH & Co. KG, for continuous tensile force measurement directly within a moving chain link during operation.