TerraCom announces November 2021 financial results

The operating EBITDA from the Australian Business Unit for the month of November 2021 was AUS$20 million. The operating EBITDA result was achieved from coal sales of 178 000 t, which represents an operating cash margin of approximately AUS$112/t. Blair Athol remains on target to achieve forecast coal sales in the December 2021 quarter of approximately 575 000 t, which is expected to result in a forecast operating cash margin of approximately AUS$122/t.

The operating EBITDA from the South African Business Unit for November 2021 was AUS11.9 million. The operating EBITDA result was achieved from total managed coal sales of 490 000 t, comprising 347 000 domestic coal sales and 143 000 export coal sales.

Combined operating EBITDA

Operating EBITDA from the Australian and South African Business Units (including other equity holders) for November was:

Australia

• EBITDA: AUS$20 million.
• EBITDA: AUS$112.4/t sold.

South Africa

• EBITDA: AUS$11.9 million.
• EBITDA: AUS$24.3/t sold.

Read the article online at: https://www.worldcoal.com/coal/29122021/terracom-announces-november-2021-financial-results/