Australia's Terracom rises on offtake agreement for Blair Athol operation

Terracom

16/06/2022 03:06

** Shares of Terracom  TER.AX  climb up to 7.6% to A$0.78
    ** Stock marks its best intraday pct gain since June 10
    ** Coal miner says it signed offtake agreement for its
operations in Blair Athol  urn:newsml:reuters.com:*:nFWN2Y20VF
    ** Says under agreement, co will deliver up to 1.25 million
tonnes over 13 cargoes from August 2022 to August 2023
    ** Says Blair Athol operation continues to perform well and
remains on track to achieve coal sales of 2.3 million tonnes for
the financial year ending June 30, 2022 
    ** TER stock had tripled in value this year, as of last
close 

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))