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$1 mine ramps up, gains a year

TerraCom (AU:TER) has upgraded the resource and reserve at the Australian thermal coal mine it bought for A$1 (US$0.80), to increase the mine life to eight years at 2 million tonnes per annum.

$1 mine ramps up, gains a year $1 mine ramps up, gains a year $1 mine ramps up, gains a year $1 mine ramps up, gains a year $1 mine ramps up, gains a year

TerraCom mined its first coal at Blair Athol in August and is ramping up to 2Mtpa

The company completed the Blair Athol acquisition in May and has been progressively rehabilitating part of the former operations while bringing it back into production.