Terracom secures future financing

TERRACOM has reached agreement with major shareholder OCP Asia for a US$80 (A$114) million term loan facility.

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Terracom secures future financing Terracom secures future financing Terracom secures future financing Terracom secures future financing Terracom secures future financing

Terracom's Blair Athol mine in Queensland.

The company is also finalising negotiations with Aon and its underwriters to exchange the existing bank guarantee for its Blair Athol mine in Queensland with an insurance bond.