Terracom Limited

TerraCom Ltd is an ASX-listed resource developer and export thermal coal producer at the Queensland industry icon mine, Blair Athol. In June 2020, TER completed the 100% acquisition of ASX-listed and South African thermal coal producer, Universal Coal (UNV).

TER’s increased earnings resilience enables stronger debt servicing and an ability to re-finance debt to longer duration and at a lower cost. Along with free cash generation, the balance sheet can then support growth initiatives.
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TER has counter-cyclically placed itself in a position to improve efficiency and margins plus pursue organic mine growth. Cashflows will further swell once currently depressed coal prices rebound. These assets appear undervalued compared to our Base Case $0.27/share NPV valuation of TER. TER has upside on management’s record of delivering new projects from currently controlled development assets and/or by opportunistically securing acquisitions.

Company news

TerraCom’s Debt Repayment Well Ahead of Expectations

Our research house Corporate Connect has today released an updated report on thermal coal producer TerraCom Limited (ASX: TER). This research note explores the three areas that Corporate Connect believes will drive share price performance on TerraCom in CY2022: •...

$1 Coal Acquisition Now the Jewel in TerraCom’s Crown

In 2017, TerraCom (ASX: TER) bought the Blair Athol mine for a single dollar along with some environmental remediation obligations. It then acquired four operating mines in South Africa via its acquisition of Universal Coal, with the mines underwritten by domestic...

Thermal Coal Surge Boosts TerraCom

The surging price of thermal coal across Asia saw TerraCom slip out a bullish update yesterday on its price expectations for its Blair Athol (BA) mine in Queensland which for years was owned by Rio Tinto. Due to a combination of factors thermal coal prices in Asia...

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