Blair Athol starts 2021 on solid footing

TERRACOM’S Blair Athol mine in Queensland continued to achieve strong sales performance throughout January with 206,000 tonnes being sold, equivalent to an annualised run rate of 2.48 million tonnes per annum.
Blair Athol starts 2021 on solid footing Blair Athol starts 2021 on solid footing Blair Athol starts 2021 on solid footing Blair Athol starts 2021 on solid footing Blair Athol starts 2021 on solid footing

Terracom's Blair Athol mine in Queensland.

The company said the mine successfully delivered under its fully owner-managed operational model, trading on a significantly reduced free-on-board operating cost base of sub $60 per tonne since transition.

"This places the Blair Athol mine in the first quartile of seaborne export FOB operating costs per tonne," it said.

Blair Athol achieved 1.2Mt of coal sales for the six months ended December 2020 and therefore operated at an annualised run rate of 2.41Mtpa.

Compared to the 2020 financial year, the company reduced annualised coal sales by 179,000t or 7%, yet at the same time refined the FOB operating costs to be sub $60/t, resulting in more than a 15% reduction.