TerraCom Ltd, an emerging resources company with a large portfolio of operating assets in Australia and South Africa, has provided the financial results from the Australian business unit (Blair Athol [BA]) for October 2021.
The operating EBITDA from BA was AUS$19.5 million. The operating EBITDA result was achieved from coal sales of 157 000 t, which represents an operating cash margin of AUS$124/t. This is in line with the forecast as announced on 4 November 2021.
Coal sales revenue achieved for BA was AUS$213/t for the month, and forecast revenue for the December 2021 quarter remains at AUS$210/t. BA remains on target to achieve forecast coal sales in the December 2021 quarter of approximately 575 000 t, representing a run rate of 2.3 million tpy. Should the forecast coal sales and associated revenue be achieved, this will deliver an operating EBITDA of AUS$70 million for the December 2021 quarter.