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TerraCom

May 05, 2020
TerraCom tightens belt with Blair Athol fleet cuts

TerraCom tightens belt with Blair Athol fleet cuts

TerraCom will drop an entire truck and excavator mining fleet from its roster at the Blair Athol coal mine near Clermont as it cuts costs to weather the impacts of COVID-19. The company said it was now targeting production of about 2 million tonnes next financial year from the thermal coal operation and expected coal… This content is for iQ Industry Queensland, iQ Coal, iQ Civil, iQ Geo, iQ...

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Mar 28, 2020
TerraCom, Yancoal on the acquisition march

TerraCom, Yancoal on the acquisition march

Blair Athol mine owner TerraCom has completed its offer to acquire Universal Coal for $175 million. TerraCom, already the largest shareholder in Universal, said the acceptances it had received resulted in it reaching more than 90 per cent of the voting rights attached to Universal shares. It will proceed to a mandatory sell-out process and… This content is for iQ Industry Queensland, iQ Coa...

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Feb 03, 2020
TerraCom in takeover bid for South African coal miner

TerraCom in takeover bid for South African coal miner

Blair Athol mine operator TerraCom has made a takeover bid for Universal Coal, offering a combination of cash and shares. The merged group would provide investors with scale and exposure to a portfolio of successful operating and geographically diverse coal production assets, TerraCom said. It comes after TerraCom in October announced the acquisition of about… This content is for iQ Industr...

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May 10, 2019
Blair Athol owner in $63m restructure move

Blair Athol owner in $63m restructure move

Blair Athol mine owner TerraCom Resources has announced a $63 million restructuring plan. TerraCom is launching a fully underwritten entitlement offer to raise about $35 million. It has also entered a $28 million convertible bond with shareholder OCP Asia. “The funds raised will significantly reduce the company’s cost of debt and provide vital leverage in… This content is for iQ Industry Qu...

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