Terracom (AU:TER) — Company Overview, News & Financial Data
TerraCom Resources is an Australian mining company with a focus on coal, operating low-cost mines in Australia and South Africa.
TERTerracom
Company profile
About Terracom
TerraCom Resources (ASX:TER) is an Australian-based mining resources company with a global footprint, comprising a large portfolio of operating assets in Australia and South Africa within the coal sectors. The company's operations are focused on its Blair Athol mine in Queensland, Australia, which is one of the lowest-cost coal mines in the world.
Snapshot
Public AUOwnership
2009Year founded
39Employees
Queensland, AustraliaHead office
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Global footprint
Operations
All Locations
Australia
Products and/or services of Terracom
- Blair Athol Coal Mine Expansion: TerraCom is currently expanding the Blair Athol coal mine to increase its production capacity from 4.5 million tonnes per annum (Mtpa) to 6.5 Mtpa. The expansion is expected to be completed in 2024.
- Springsure Thermal Coal: Situated in the Central-Western Bowen Basin coal mining district in Queensland.
- Clyde Park Coal: Situated in the north eastern edge of the Galilee Basin In Queensland. TerraCom holds a 64.4% stake in Clyde Park Coal.
- Northern Galilee Project: Situated within the Galilee Basin and comprises several thermal coal and rail project proposals at various stages of development.
- TerraCom acquired 100% of Universal Coal Plc (Universal) as at 30 June 2020. Universal holds a portfolio of producing, development and exploration assets located across South Africa’s major coalfields.
Terracom executive team
- Mr. Danny McCarthyMD & Director
- Mr. Chris BourkeChief Operating Officer
- Ms. Jen WilliamsCFO & Company Secretary