TerraCom Limited

TerraCom Limited is rated 3 out of 5 in the category mining & metals. Read and write reviews about TerraCom Limited. TerraCom (ASX: TER) is resource company with a large portfolio of assets in Mongolia and Queensland, Australia. TerraCom employs a team of highly skilled mining professionals with globally diverse backgrounds across its multiple locations. TerraCom’s subsidiary in Mongolia, Terra Energy, has 2 projects located in the coal bearing regions of the South Gobi and Middle Gobi, the Baruun Noyon Uul (BNU) coking coal mine is located in South Gobi Mongolia. TerraCom has a current focus on growth through their existing project development pipeline and potential acquisitions. Its highly skilled but nimble management structure places TerraCom in an ideal position for rapid enactment of opportunities while delivering on the existing suite of assets. In Queensland, the Company’s assets cover an estimated 18,000 km2 across the coal bearing Bowen, Galilee and Maryborough Basins. The tenements are strategically positioned close to existing rail and port infrastructure. TerraCom has also recently announced that it has entered into an agreement to acquire the Blair Athol Coal Mine in Queensland, Australia from the Blair Athol Joint Venture, with production scheduled to recommence in early 2017. TerraCom has a resources profile under management across all projects of 2.522Bt and is diversified in terms of its exploration targets, which range from hard coking, thermal and PCI coals for both the domestic and export markets.