TerraCom Limited (AU:TER) has released an update.
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TerraCom Limited navigated a challenging year with resilience, maintaining production levels despite setbacks in coal sales and transport issues. The company’s financial performance was impacted by a steep drop in coal prices, but TerraCom remains optimistic due to sustained demand and a strategic focus on growth and sustainability. The recent cooperation with Wintime Energy Group Co., Ltd. and commitment to responsible mining practices underscore TerraCom’s forward-looking approach.
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