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TerraCom secures funding for Blair Athol restart

By:  
Creamer Media Senior Deputy Editor: Australasia
 
COAL
ASX-listed TerraCom has announced plans to raise $12-million in new funding to support the commissioning of the recently acquired Blair Athol coal mine, in Queensland. The company has secured the funding in the form of a financing facility, which will be drawn down on a schedule linked to pre-agreed milestones and cash flow requirements, in order to expedite the commissioning and start-up of the mine.
 
 
 
 
 

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