Australian coal miner TerraCom has extended the lease of Blair Athol coal mine in Bowen Basin, Queensland by an approximately 10 years. The Blair Athol coal mine produces about 3 mn t of high-quality thermal coal each year, which is mainly exported to the Asian market. It has a total of 19.5 mn t of marketable coal reserves as on 30 Jun’21. In 2016, TerraCom had acquired the coal mine from Rio Tinto for a price of A$1 when global coal prices fell to historical lows, and large miners had decided to divest coal assets.
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