In 2017 Tigers Realm Coal (Australia) intends to mine up to 400 thousand tons of coking coal at the Fandyushkinskoye pole deposits in Chukotka and export at least half of it through the port, which is under reconstruction at present.
“Of course, this is the minimal, the initial plan, we will require some time to increase output. In 2018 we plan to produce 600 thousand tons of coal”, the company CEO Peter Balk said.
In 2016 Tiger Realm Coal attracted $18 million from its investors to develop the infrastructure of the deposits. In December 2016 it spent $4 million to finish the construction of the road to operate the mine in winter. (Ukrainian metal)