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TerraCom concludes on 2017 mine operations

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World Coal,

TerraCom has provided an update on its coal operations at the end of 2017.

The company’s two operating mines in Australia (Blair Athol thermal coal mine) and Mongolia (BNU metallurgical coal mine) are both producing at name plate production levels.

In an ASX announcement, the company noted it is forecasted to achieve the annualised production rate in 2018 delivering a combined output of 3.5 million tpa, consisting of 1.5 million tpa from the BNU mine and 2 million tpa from the Blair Athol mine.

TerraCom indicated that the market remains strong in both sectors with metallurgical coal prices and thermal coal prices in respective markets looking to remain strong for 2018.

It also reported that the first 58 ha of the Blair Athol mine rehabilitation had been successfully completed as per forecast. The mine’s dedicated private train loading facility re-commissioning is on tract with constriction completion expected in February 2018.

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Australia coal news