TerraCom: Achieves sales revenue of $219 per tonne in December quarter

TerraCom Achieves sales revenue of $219 per tonne in December quarter

  • TerraCom (TER) provides a December coal sales update, with total equity sales of 342,000 tonnes across its operating assets in Australia and South Africa
  • Two shipments were sold from Blair Athol in Queensland with coal sales revenue of $213 per tonne achieved for December, a third shipment of 79,000 tonnes was forecast but was delayed
  • The company reported revenue of $219 a tonne, representing a 4 per cent increase on what was forecast
  • The company says Blair Athol remains on track to deliver coal sales for FY2022 of 2.3 million tonnes
  • Shares are trading 2.63 per cent higher at 19.5 cents each

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