Skip to main content

TerraCom acquires Blair Athol Coal Mine

Published by , 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

Read the article online at: https://www.worldcoal.com/coal/04072016/terracom-acquires-blair-athol-coal-mine-1063/

You might also like

EMI

Electrification in Mining virtual conference

Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.

Register for FREE »

 
 
 

Embed article link: (copy the HTML code below):