Australia's Terracom hits over 2-year high on Blair Athol coal sales

Terracom

18/03/2022 24:56

** Shares of Terracom  TER.AX  jump as much as 14.3% to
A$0.5, their highest since Aug 9, 2019
    ** The coal miner says https://www.asx.com.au/asxpdf/20220318/pdf/4574gzxqj9r0f6.pdf
 its flagship South Australia mine Blair Athol's (BA) coal is
fully sold until end-July
    ** Says BA remains on track to sell about 600,000 tonnes in
the March quarter
    ** Adds BA is scheduled to deliver 10 cargoes equating to
about 750,000 tonnes
    ** Co also remains on track for coal sales of about 2.3 mln
tonnes in FY22
    ** Stock on track for its biggest intra-day percentage gain
since Feb. 10 
    ** TER up ~133.3% this year as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))