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Tigers Realm Coal Limited coal mining in Chukotka increased its revenue by 228%

Special project Coal of the East of Russia

Listed on the Australian Stock Exchange, the mining company Tigers Realm Coal Limited announced the first annual profit of 10,880 million Australian dollars. Compared to last year, revenue increased by 228%.

According to the press service of Tigers Realm Coal Limited, the first annual net profit of the campaign for 2018 was 10,880 million Australian dollars, which is an improvement on 17,987 million dollars compared to a loss in the previous corresponding period of 7,107 million dollars, as well as a positive cash flow funds from operating activities in the amount of eight million Australian dollars in sales of 52,2 million dollars.

The company extracts and exports to North-East Asia coking and steam coal from a deposit in Chukotka. Coal production from Tigers Realm Coal Limited for the year increased by 131% and amounted to 576 thousand tons.

Coal sales totaled 393 KT. This is 138% higher than the 2017 results of the year. Sales of coking coal rose by 326% - to 179 th. Tons, and energy - by 74% to 214 th. Tons. The company sold coking coal to major producers in China, Korea and Japan. Steam coal was mainly sold to industrial customers in Asia.