Bridge Marketing: TerraCom completes Mongolian exit

ASX-listed TerraCom has finalised the sale of its Mongolian assets to Bridge Resources, disposing of its Baruun Noyon Uul (BNU) coal mine and its Enkhtunkh Orchon coal mine. The assets are being sold as a going concern, with Bridge accepting the existing net liabilities of up to $28-million, paying TerraCom a total consideration of $3-million.