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Feb 03, 2020

TerraCom in takeover bid for South African coal miner

TerraCom in takeover bid for South African coal miner TerraCom says the Blair Athol mine is on track to achieve three million tonnes in coal sales for the 2020 financial year.

Blair Athol mine operator TerraCom has made a takeover bid for Universal Coal, offering a combination of cash and shares. The merged group would provide investors with scale and exposure to a portfolio of successful operating and geographically diverse coal production assets, TerraCom said. It comes after TerraCom in October announced the acquisition of about…

This content is for iQ Industry Queensland, iQ Coal, iQ Civil, iQ Geo, iQ Miner’s Life, iQ Rockhampton, iQ Coal and Mining North, iQ Coal and iQ Geo, iQ Civil and iQ Coal, iQ Civil and Mining North, and iQ Civil and iQ Geo members only.
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