TerraCom board reshuffle & Blair Athol coal mine ramps up

Company News

by David Murdoch

TerraCom (ASX:TER) has announced board changes and positive progress at its Blair Athol coal mine in Queensland, bringing the mine into full production.

The company has ramped up operations of the mine to an annualised rate of 2 million tonnes per annum.

The company’s board reshuffle sees Cameron McRae being replaced as its Executive Chairman, with Wallace Macarthur King appointed to the position, effective immediately.

Mr McRae will remain on the Coal miner’s board as a non-Executive Director.

The company says the re-shuffle will help support TerraCom’s growth in becoming a large and strong coal mining company operating in Australia and Asia.

Shares in TerraCom Limited (ASX:TER) are trading down 3.85 per cent to 2.5 cents. 

David Murdoch

David presents the Market Outlook and presents ASX company news. He joined FNN in August 2017.