Junior picks up mine for $1

COAL mining minnow TerraCom is set to pick up Rio Tinto’s Blair Athol coal mine in Queensland for the peppercorn price of $A1, after the open cut operation was shuttered for four years.

Junior picks up mine for $1 Junior picks up mine for $1 Junior picks up mine for $1 Junior picks up mine for $1 Junior picks up mine for $1

TerraCom will also receive $80 million from Rio Tinto to meet Blair Athol Coal Mine’s rehabilitation liability as determined by Queensland’s Department of Environment Heritage Protection in November