TerraCom has further reduced its FY25 sales guidance for the Blair Athol thermal coal operation, revising the figure to 1.52Mt, down from 1.6Mt.
It comes after the company revised the forecast down from 1.8Mt in April after the Clermont region where the mine is based was hit with 1.5 times the 10-year rainfall average for the March quarter.
TerraCom said it had taken decisive steps to position Blair Athol operations in a challenging economic environment.
TerraCom said it was in the final stages of confirming its FY26 production and sales profile, guided by:
- An optimised production schedule that balances value delivery with port, rail and
customer obligations; and - Cost reduction initiatives to ensure the lowest possible Free on Board (FOB) cost base
to maintain competitiveness in an environment of coal price volatility;
“Blair Athol has responded with focus and resilience as we prepare for FY26,” managing director Danny McCarthy said.
“While the operating environment remains challenging, I am confident the strategic decisions we are making will strengthen TerraCom’s position into the future.
“We are proud of the efforts of our people and remain committed to delivering value for
shareholders, customers, and the communities in which we operate.”