TerraCom Limited (ASX:TER)

To sustainably explore, develop, and produce coal resources globally.

About Us

TerraCom Limited (ASX: TER) is an Australian-based mining company with a global presence, primarily focusing on coal production. With key operations in Australia and South Africa, TerraCom is recognised for its cost-efficient production and commitment to maximising shareholder value through its diversified portfolio of assets.

Company Overview

TerraCom Limited, formerly known as Guildford Coal Limited, is a leading mining resources company listed on the Australian Stock Exchange (ASX: TER). The company manages a broad portfolio of operating assets across Australia and South Africa within the coal sectors, including hard coking, thermal, and PCI coal. TerraCom is committed to maintaining its status as a low-cost producer, focusing on maximising returns from its diversified assets. The flagship property, Blair Athol coal mine in Queensland, exemplifies their operational expertise and strategic investment in high-yielding projects.

The company’s operations are not limited to Australia; they also have substantial activities in South Africa, which bolster their global presence. TerraCom’s strategic initiatives and operational excellence underpin their mission to deliver sustainable value to shareholders and contribute positively to the mining industry.

Board & Management

Mark Lochtenberg

Mark Lochtenberg

Non-Executive Chairman

Mr Lochtenberg graduated with a Bachelor of Law (Hons) degree from Liverpool University, UK and has been actively involved in the coal industry for more than 25 years. He was the Executive Chairman and founding Managing Director of ASX Listed Cockatoo Coal Limited. He was also formerly the co-head of Glencore International AG’s worldwide coal division, where he spent 13 years overseeing a range of trading activities including the identification, due diligence, negotiation, acquisition and aggregation of the coal project portfolio that would become Xstrata Coal.

Prior to this, Mr Lochtenberg established a coal “swaps” market for Bain Refco, (Deutsche Bank) after having served as a senior coal trader for Hansen Neuerburg AG and as coal marketing manager for Peko Wallsend Limited. Mr Lochtenberg is currently Chairman of Evolve Power Limited (formerly Montem Resources Limited) and Non-Executive Director of Helios Energy Ltd (ASX: HE8),

Danny McCarthy

Danny McCarthy

Managing Director

Danny McCarthy is a highly experienced and well regarded mining executive having held senior executive roles with Thiess, Wesfarmers (ASX: WES), QCoal and Mineral Resources Limited (ASX: MIN) and has a proven record of delivering extraordinary results over 26-years in the mining, minerals processing and resources sector within Australia and overseas. Prior to joining TerraCom as CEO in December 2018, for over 2.5 years, Mr McCarthy held the role of Chief Operating Officer for the highly regarded, West Australian based, commodity producer and mining services company Mineral Resources Limited. During his time as Chief Operating Officer at MIN, he oversaw the successful implementation of MIN’s strategic growth initiatives which included the development of the world class Wodgina open cut lithium mine.

Mr McCarthy brings a wealth of experience to TerraCom, providing exceptional leadership with a strong commercial focus and operational background with expertise in the development and implementation of business strategy, construction, mining and minerals processing across a wide range of commodities. During his time with TER as CEO and now MD, Danny successfully transformed Blair Athol from contractor managed to owner operator providing significant cost reductions and returns for shareholders. In 2021, Danny led a team on the ground in South Africa to transform it’s operations and implemented sustainable improvements to deliver longer term value and increases in profitability.

Glen Lewis

Glen Lewis

Non-Executive Director

Glen is a qualified Coal Mine Manager and has worked in the Coal Industry since 1980. Throughout his career he worked at all levels of Management inclusive of 10 years as an Undermanager at various operations including United Colliery and Dartbrook Coal where he was part of the Management Team for the construction of both projects. In 1997 he commenced as Mine Manager at Cumnock Coal and in 1999 was promoted to Operations Manager at Oceanic Coal (consisting of West Wallsend and Teralba underground mines and Westside opencut operation) following its acquisition by Xstrata Coal.

Glen was promoted to the role of General Manager Eastern Underground Operations for Xstrata Coal NSW in 2003 and was then responsible for United Collieries, Cumnock Coal and Oceanic Coal. Continuing with Xstrata Coal NSW, he was promoted to General Manager Operations with overall responsibility for 6 operating mines and several projects under construction. Glen commenced with NuCoal Resources Ltd (ASX: NCR) in 2010 as Managing Director overseeing the listing, capital raising, exploration and feasibility studies for a number of mining projects in the Hunter Valley. Glen stepped down from the position of Managing Director in 2017, but remains a Non-Executive Director of NuCoal.

Mark Ludski

Mark Ludski

Non-Executive Director

Mr. Ludski is a finance professional with in excess of 30 years’ corporate experience within ASX listed public companies and professional accounting firms gaining experience in capital management, governance related activities and providing audit, taxation and business advisory services.

Mr Ludski is university degree qualified, a member of Chartered Accountants in Australia and New Zealand and the Australian Institute of Company Directors. Mark currently holds the role of Chief Financial Officer and Company Secretary, a role held for over 22 years, with ASX Listed Company, Ainsworth Game Technology Limited (ASX: AGI). In addition to his current role Mark is currently a non-executive director for Angel Action Pty Ltd as Trustee for The Ainsworth Foundation a role held since 2013.

David Norris

David Norris

Non-Executive Director

Mr Norris is a highly experienced financial professional with experience in board-level decision-making, investment strategies, and accounting practices.

For over 20 years’ David has held prominent positions in various organisations, including Director at Deloitte and is currently Chief Executive Officer at the John Singleton Group. His experience enables him to analyse complex financial data and provide valuable insights to support strategic decision-making. David has a deep understanding of financial regulations, taxation and accounting principles, ensuring compliance and accurate financial reporting.

In his current role, David is responsible for identifying investment opportunities, conducting due diligence, and implementing sound investment strategies, and is actively involved as a director on multiple company boards and private equity funds. David holds a Bachelor’s Degree in Commerce, and is a member of both the Chartered Accountants Australia New Zealand, and the Australian Institute of Company Directors.

Megan Etcell

Megan Etcell

Chief Financial Officer & Company Secretary

Megan holds a Bachelor of Commerce Degree from the University of Newcastle and is a qualified Chartered Accountant.

Ms Etcell joined TerraCom in November 2019 as Company Secretary and started in the role of Executive General Manager Corporate Affairs in September 2020. In this role Megan looked after all Corporate regulatory, legal and governance, investor and stakeholder relations and administrative matters. In October 2021, Megan was appointed to the role of Interim Chief Financial Officer.

Ms Etcell has held senior roles within the coal mining industry working for NuCoal Resources Limited (ASX NCR) in various capacities including Chief Financial Officer and Company Secretary. During her time with NuCoal Megan has been involved in numerous corporate transactions including capital raisings, acquisitions and joint venture arrangements.

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