Coal company TerraCom (ASX:TER) yesterday reached a significant mile stone with 500 thousand tonnes of BA coal sold into the export market. A temporary path is in place and four vessels have already been completed and sailed into South Korea and China.
The company is further developing Blair Athol’s resource footprint and plans to convert the economic areas into further reserves. The company is currently constructing a train load-out facility at the mine with potential to deliver an additional $20 per tonne improvement margin.
TerraCom completed the acquisition of the Blair Athol Mine in May last year. It has worked on site rehabilitation while bringing the mine back into production.
Share in TerraCom (ASX:TER) up 10 per cent at $0.22