TerraCom (ASX:TER) said current and anticipated rail and supply chain constraints are expected to delay the delivery of coal from the Blair Athol mine in Queensland to the Dalrymple Bay coal terminal during the December quarter, according to a Monday Australian bourse filing.
This is expected to reduce forecast revenue and cash receipts for the quarter, the firm cautioned. The duration and actual impact of the constraints remain uncertain. However, they may result in additional supply chain costs, including the rehandling of material around coal stockpiles.
It added that it was implementing initiatives to support near-term liquidity, including additional coal shipment prepayment arrangements, creditor management, and more capital and cost reduction initiatives at the mine.
For the December quarter, two shipments have already sailed, per the filing.
TerraCom's shares fell past 2% in recent trading on Monday.