TerraCom Limited (AU:TER) has released an update.
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TerraCom Limited reported strong quarterly performance with 2.2 million tonnes (Mt) of total Run-of-Mine (ROM) production and 1.7Mt in coal sales, buoyed by robust demand from its established customer base. Despite logistics challenges in South Africa, both domestic and export sales showed improvements. The company maintains a positive outlook on coal prices and plans a return to dividend payments to shareholders as soon as possible.
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