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TerraCom reveals $53m Blair Athol write-down - Industry Queensland
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TerraCom reveals $53m Blair Athol write-down - Industry Queensland
TerraCom has announced a non-cash impairment of $53 million on the Blair Athol coal mine at Clermont, reducing its book value to $10 million. The company also declared non-cash impairments of $50.5 million on the group's South African assets. It has listed a total loss of $155.5 million for the past financial year in the audited annual results released this morning compared to the loss of $45.6 million stated in the preliminary final report last…
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