TerraCom clinches offtake deal with Kingho

TERRACOM has executed binding long form definitive agreements with a wholly owned subsidiary of the Kingho Group, one of the largest private coal companies in China, for a 5.5 year offtake of hard coking coal produced from its BNU coal mine in the South Gobi in Mongolia.

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TerraCom clinches offtake deal with Kingho TerraCom clinches offtake deal with Kingho TerraCom clinches offtake deal with Kingho TerraCom clinches offtake deal with Kingho TerraCom clinches offtake deal with Kingho

TerraCom's BNU mine in Mongolia.

The agreement is for about 7.5 million tonnes over the term and has pricing linked to a commercially in confidence minegate pricing structure that reflects the seaborne market.

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