Coal production to continue despite ‘short-term’ delays

TerraCom tackling expected cashflow challenges

TerraCom is taking measures to ‘support near-term liquidity’ as its Queensland coal sales are hit by rail and supply chain constraints. Delays in the delivery of coal from the Blair Athol mine to the Dalrymple Bay Coal Terminal this quarter would likely have a flow-on impact on the timing of shipping and receipt of revenues, the company said. ‘Blair Athol currently holds significant coal stocks at site and port, comprising approximately 140kt of…

Coal production to continue despite ‘short-term’ delays

Image: Cliff/stock.adobe.comOperations at TerraCom’s Blair Athol coal mine and Dalrymple Bay terminal in Queensland are fully operational despite slight supply constraints, the company said. The news comes following supply chain constraints in the delivery of coal via rail, with the company noting “short-term delays” are expected for the December quarter impacting shipping schedules, revenue timing and cash receipts. Despite this, Blair Athol ho…