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TerraCom announces EBITDA results for January 2022

Published by
World Coal,


TerraCom Ltd has provided the combined financial result for the operations for January 2022.

As announced on 10 February 2022, the company continued to capitalise on strong market conditions, reporting on operating EBITDA from the Australian Business Unit for the month of January of UA$38.5 million.

The operating EBITDA from the South African Business Unit for January 2022 was AUS$16.4 million. The operating EBITDA results was achieved from total managed coal sales of 548 000 t, comprising 369 000 domestic coal sales and 179 000 export coal sales. Following poor weather conditions experienced in December 2021, the South African operations recovered well and returned to year-to-date run rate levels.

Combined operating EBITDA

Operating EBITDA from the Australia and South African Business Units (including other equity holders) for the month was as follows:

Australia

  • EBITDA: AUS$38.5 million.
  • EBITDA: AUS$156/t sold.
  • South Africa

    • EBITDA: AUS$16.4 million.
    • EBITDA: AUS$30/t sold.

    Read the article online at: https://www.worldcoal.com/coal/22022022/terracom-announces-ebitda-results-for-january-2022/

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    This article has been tagged under the following:

    Australia coal news South Africa coal news