- 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
- At the company’s South African operations, total coal sales fell last month due to reduced domestic sales and extreme rainfall, which significantly impacted production and logistics
- Shares are trading 2.63 per cent higher at 19.5 cents each
TerraCom (TER) has provided 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 in the month of December, with coal sales revenue of $213 per tonne achieved for December.
The third shipment of 79,000 tonnes was forecast but was delayed due to poor weather conditions. All coal for this shipment was reportedly at the port and ready to be loaded on New Year’s Eve. It has since set sale on January 5.
For the December quarter, coal sales reached 502,000 tonnes at Blair Athol. The company reported revenue of $219 a tonne, representing a 4 per cent increase on what was forecast.
TerraCom says Blair Athol remains on track to deliver coal sales for FY2022 of 2.3 million tonnes.
At the company’s South African operations, total coal sales fell in December when compared to the prior month. The company says this was due to reduced domestic sales and extreme rainfall, which significantly impacted production and logistics. However, export coal sales increased by 15 per cent.
Shares are trading 2.63 per cent higher at 19.5 cents each at 1.35 pm AEDT.