TerraCom provides Blair Athol coal sales update
Published by Jessica Casey,
Deputy Editor
World Coal,
TerraCom Ltd, an emerging resources company with a large portfolio of operating assets in Australia and South Africa, has announced that all cargoes from the company’s wholly owned Blair Athol (BA) mine have now been sold until end January 2022.
The main markets BA sells coal to are:
- Japan and South Korea’s energy markets.
- Indian sponge iron market – being the process of direct reduction of iron ore into iron by an elemental carbon produced from thermal coal.
Coal sold from BA for the December 2021 quarter remains at 575 000 t, which represents a run rate of 2.3 million tpy.
The company is forecasting revenue of AUS$224/t in the December 2021 quarter which, if achieved, will result in a forecast operating cash margin of approximately AUS$134/t. Based on 575 000 t sold, this should deliver an operating EBITDA of AUS$77 million for the December 2022 quarter.
Read the article online at: https://www.worldcoal.com/coal/28102021/terracom-provides-blair-athol-coal-sales-update/
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