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TerraCom announces Blair Athol result

Published by
World Coal,


TerraCom Ltd, an emerging resources company with a large portfolio of operating assets in Australia and South Africa, has provided shareholders with the financial result from the Australian Business Unit (Blair Athol) for September 2021.

The operating EBITDA from the Australian Business Unit for the month of September 2021 was AUS$17.2 million. The operating EBITDA result was achieved from coal sales of 170 000 t, which represents an operating cash margin of AUS$101/t. This is in line with the forecast announced on 9 September 2021.

Coal sales revenue achieved for Blair Athol was AUS$177/t for the month, and forecast revenue for the December 2021 quarter is AUS$230/t. This forecast revenue, if achieved, will result in an operating cash margin in excess of AUS$140/t. Coal sales from Blair Athol for the December 2021 quarter are forecast to be approximately 575 000 t, which represents an annualised run rate of 2.3 million tpy.

Read the article online at: https://www.worldcoal.com/coal/22102021/terracom-announces-blair-athol-result/

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This article has been tagged under the following:

Australia coal news South Africa coal news