TerraCom inks coking coal off-take deal for Mongolian mine

摘要

TerraCom Ltd.’s subsidiary Terra Energy LLC executed a binding deal withrnChina’s Kingho Group for the off-take of 7.5 million tonnes of coking coal producedrnfrom the Baruun Noyon Uul coal mine in Mongolia for 5.5 years.rnAccording to an Oct. 18 statement, the pricing will be set on commercialrnterms. Payments will be made in U.S. dollars through a 100% irrevocable letterrnof credit.