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TerraCom to buy Aussie coal mine for A$1

ASX-listed TerraCom, led by former Rio Tinto executive, Cameron McCrae, has reached agreement to acquire the Blair Athol thermal coal mine in Queensland, Australia, from a joint venture owned by Rio and two Japanese utilities.

TerraCom to buy Aussie coal mine for A$1 TerraCom to buy Aussie coal mine for A$1 TerraCom to buy Aussie coal mine for A$1 TerraCom to buy Aussie coal mine for A$1 TerraCom to buy Aussie coal mine for A$1

Coal mining: opportunites beckon?

The mine has been mothballed since 2012 because of plunging prices.

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