TerraCom Limited (ASX:TER)

TerraCom Limited (ASX: TER) is an emerging company originating as a resource explorer with a large portfolio of operating assets in Australia and South Africa. TerraCom are currently enacting a growth strategy towards delivering a mid-tier diversified operating and trading business and have a global focus on the development of a high yielding diversified asset portfolio for investors. In 2017 TerraCom acquired the Blair Athol Coal Mine, located in Clermont, Central Queensland, Australia. Since the acquisition TerraCom successfully restarted mining operations exporting up to 3Mtpa of high-quality thermal coal and are undertaking the progressive rehabilitation of the site as part of its ongoing mining operations. In June 2020, TerraCom acquired 100% of Universal Coal Plc (Universal). Universal holds a portfolio of producing, development and exploration assets located across South Africa’s major coalfields. TerraCom also holds several exploration projects across Queensland, Australia, and South Africa.