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TerraCom: Secures offtake agreement over Blair Athol coal | Fintech InShorts: Latest fintech news, analysis by experts

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TerraCom: Secures offtake agreement over Blair Athol coal

By Steve Sam

June 16, 2022

TerraCom Secures offtake agreement over Blair Athol coal

TerraCom (TER) signs an offtake agreement with its long-term Japanese trading partner for the delivery of its coal from its Blair Athol (BA) operation in QLD
The agreement is for the delivery of up to 1.25 million tonnes over 13 cargoes from August 2022 to August 2023
Key terms of the agreement include the delivery of one cargo per month during the 12 months and each cargo will contain between 67,000 to 88,000 tonnes, subject to the tonnage as nominated by the offtake partner
The pricing will be linked to the globalCOAL Newcastle Index
Shares in Terra Com are up 4.48 per cent, trading at 75.8 cents as of 1:52 pm AEST

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