The net loss of Tigers Realm Coal (TIG), developing the Fandyushkinskoye coal deposit in Chukotka, in 2019 amounted to 18.8 million Australian dollars.
In 2018 the group received a profit of 10.9 million.
The decrease is due to a 27% growth in the cost of FOB shipments, royalty payments and other factors.
Revenue dropped by 4.2%, to 50.1 million dollars.
Last year the company mined 750 thousand tons of coal, up by 30.2% YoY. (Ukrainian metal)