Operations
The Australian Business Unit comprises of one operational mine, the flagship Blair Athol Coal Mine located in Clermont, Queensland (as well as a large portfolio of exploration an evaluation assets predominantly located in Northern Galilee coal region).
Australian Operations
Blair Athol
TerraCom acquired its flagship Blair Athol Coal Mine, located in Clermont Queensland, in 2017. Since the acquisition,the Company has successfully restarted operations and now exports approximately 1.8 million tonnes per annum ofhigh quality low impurity thermal coal. Rehabilitation at the site is progressive and forms part of the ongoing mining operations.
The Blair Athol mine is an open pit operation producing thermal coal for export primarily to Japan, South Korea for their power generation markets and to India for the sponge iron market. Life of Mine is approximately 7 years at the current run rate and our recently announced Moorlands development project will see Blair Athol utilised as a processing precinct for many decades to come.
Achievements
Mine Life
7+ Years
Premium Thermal Product (5500 NAR)
– High energy
– Low sulphur
– Low ash
Employees & Contractors
~3,600
Open Cut Operations
– Owner operated model
– Low-cost producer
– Strong management team
Strong Brand History
> 250Mt
Sold into Asian markets
Low-Cost Producer
with major Japanese power utilities
Timeline
TerraCom Limited listed on the ASX (listed as Guildford Coal Limited)
Acquisition of Blair Athol operation in QLD, Australia
Rights Issue to raise A$14.9 million
Rights Issue to raise A$35 million
Acquisition of Universal Coal Ltd
Blair Athol Life of Mine Extension (10 years)
Repositioned balance sheet via repayment of debt
Declaration of 10c dividend (unfranked) to shareholders
Declaration of 10c dividend (franked) to shareholders
Declaration of 7.5c dividend (franked) to shareholders
Declaration of 3c dividend (franked) to shareholders
Declaration of 3c dividend (franked) to shareholders
Announced Cooperation Agreement with Wintime Energy Group Co., Ltd
Declaration of 1c dividend (franked) to shareholders
Product Sales Information
Rehabilitation
The Blair Athol operation continues to make significant progress with respect to its rehabilitation activities at site:
- The capping of the old tailing storage facility has been completed ahead of schedule as part of the mining operations process.
- Advancing face rehabilitation is being completed progressively, which is aimed at significantly reducing rehabilitation activities at the end of the mine life.
- The mine has dedicated rehabilitation equipment and resources to undertake the necessary rehabilitation works with additional support from the production dozer fleet.
