TerraCom earns 141.1 million USD in revenue

The American Chamber of Commerce in Mongolia

2018-09-10 18:02 GMT+8

The stock price of Australian Stock Exchange-listed TerraCom Limited has risen by 17 percent since August, reaching 0.55 AUD per share.

According to the company’s financial report for the first half of 2018, TerraCom earned 141.1 million USD in revenue. During the reporting period, TerraCom explored a total of 1.9 million tons of coal from its Baruun Noyon Uul mine in Mongolia and Australia’s Blair Athol mine. The Baruun Noyon Uul coal mine is located in Umnugobi Province.

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