Coal news and updates

Queensland-based TerraCom (ASX: TER) has extended the life of its Blair Athol mine by 10 years, while reporting its South African operations had produced 614,000 tonnes of coal in July, a performance the company describes as “solid”.

 

The mine life extension at Blair Athol in central Queensland follows an update to the reserve, which was 19.5 million tonnes of coal at the end of June.

 

Based on a 2Mtpa sales profile, TerraCom notes this extends the mine’s life by 10 years, giving the mine 14 years of operation under the company’s ownership.

 

Source : https://smallcaps.com.au/terracom-extends-blair-athol-mine-life-reports-coal-production-sales-july/