储量7000万吨的FAR项目(Forward African Resource)、
储量4.5亿吨的索马卢项目(Societe Miniere d’Alumine，Somalu)、
储量8.65亿吨的图巴尔项目(Tougue Bauxite and Alumina Corporations，Toubal)。
TerraCom Ressources Limited
TerraCom Limited (ASX : TER), has operating mines in Mongolia and
Queensland, Australia with plans to expand into the global energy and resources
Terracom’s focus is on growth – from project development, acquisitions and
further cementing its recent Mongolian success at the Baruun Noyon Uul (BNU)
coking coal mine in the South Gobi region.
TerraCom’s executive team has a global remit. It has offices in Australia,
Mongolia and representation in Asia. It’s executive team are located in the
major coal mining regions of Australia, as well as Mongolia.
TerraCom’s senior team has over 150 years experience in Australia, Asia,
Africa, North and South America. They have a strong track record in exploration,
project development and delivering effective transitions from acquisitions to
performing operations, that achieve operational excellence.
Terracom is a young company with deep experience driving it. This
experience comes from working in the world’s largest mining houses across the
worlds vast geographies. We believe that an entrepreneurial approach working to
high standards of corporate responsibility will bring success to TerraCom, its
shareholders, stakeholders and employees.
TerraCom has JORC 2004/2012 compliant resources in excess of 2.4 billion
Blair Athol Mine Access Road
PO Box 131
Clermont QLD 4721
ASX-listed TerraCom is continuing its acquisition spree in Africa, with the
company signing a binding term sheet for the acquisition of bauxite developer
Anglo African Minerals (AAM).
AAM’s bauxite resources are located in the Republic of Guinea, consisting
of three development projects, including the 70-million-tonne Forward African
Resource (FAR) project, the 450-million-tonne Societe Miniere d’Alumine (Somalu)
project, and the 865-million-tonne Tougue Bauxite and Alumina Corporations
TerraCom told shareholders on Monday that the company’s initial focus would
be on the development of the FAR project, which is situated in close proximity
to existing rail infrastructure, allowing for the completion of an export supply
chain. The project is expected to be in production at an initial rate of
three-million tonnes a year, between 13 and 16 months from the start of
development activities, increasing to five-million tonnes a year over the
subsequent 12 months.
“This is a very sensible deal for TerraCom shareholders and endorses our
entry into Africa to further diversify our geographic and commodity base through
an exciting and highly rewarding emerging market sector,” said TerraCom
chairperson Wal King.
The acquisition of AAM is subject to customary conditions precedent,
including a due diligence and regulatory approvals. In return for an exclusivity
period until the end of August this year, TerraCom has agreed to pay a $500 000
refundable deposit over all the AAM assets.