Australian thermal coal producer Terracom said on Tuesday that refinancing risks linked to a large eurobond repayment due next year had raised uncertainty over its ability to stay in business, as it logged a steep loss in its full year results following the sale of two Mongolian coal mines.
Terracom logged a net loss after tax of A$146.1-million ($108.08-million), down from a loss of $11.3-million the prior year due mostly to its sale of Mongolian assets for which it booked a $101.3-million loss.