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
