• 26/05/2024 08:13

Australian mining company Tigers Realm Coal from Russia

Australian oil production company Tigers Realm Coal announced withdrawal from the Russian market and sales of your coal business in Russian Federation, the objects of which are located in the Chukotka Autonomous Okrug.

RBC-Ukraine reports this from communications to the company's press service.

The main asset of the company is the subsidiary Beringpromvugillya company, which also includes the subsidiary Beringvugilvest company and the Pivnichno-Pacific Coal Company, which is engaged in geological exploration.

The reported TIC is the buyer of Chukotka coal assets for 49 million . dollars will be the company of the Russian oligarch Mark Buzuk. The benefit may be reversed by the praise of Tigers Realm Coal shareholders.

It appears that TIC has been focusing on the export of energy and coke coal in Chukotka since 2012 and since 2016 . For pouches in 2023, there will be 1.6 million tons of vugill in Russia.

What do you know about Tigers Realm Coal

Tigers Realm Coal is a company whose shares are listed on the Australian Stock Exchange. The company is 80% involved in two coal projects on the Pacific coast of the Russian Federation, as well as several small mines in Australia. It appears that 13.4% of the shares of Tigers Realm Coal belong to the company Tigers Realm Minerals.

Sanctions against Russia

After the start of the large-scale invasion of the Russian Federation into Ukraine, a lot of international companies were deprived of Russian market, trying to minimize to lose their morals, or fear sanctions from the United States, Canada, the Great Family and the European Union, which are related to the blocking of markets, the restriction of financial transactions, etc.

Bi Most companies with small material assets in Russia , sold their property to top managers or local, Russian competing companies. As a result, low-level firms are being lost, which in the near future do not threaten to deprive the Russian market.

Read terms and important information about the war between Russia and Ukraine on the RBC-Ukraine channel in Telegram.

Leave a Reply

Your email address will not be published. Required fields are marked *