TerraCom Ltd has announced that the company is to acquire Blair Athol Coal Mine in Queensland, Australia. The acquisition price is AUS$1 and TerraCom will receive AUS$80 million from the Blair Athol Coal joint venture to meet the mine’s rehabilitation liability. The acquisition comprises mining leases, licences, land, contracts and all mining equipment.
The company plans to start 50 ha. of site rehabilitation with a production rate of approximately 2 million tpy of coal expected.
Edited from press release by Angharad Lock
