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Investors are confident in the attractiveness of the development of the Bering coal basin in Chukotka

Deputy Governor of the Chukotka Autonomous Okrug, Head of the Department of Industrial Policy, Construction and Housing and Communal Services Valery Vasiliev, as well as representatives of the Australian company Tigers Realm Coal Limited (TIG), together with existing partners and a number of potential investors, held a meeting in the regional government at which they discussed the prospects for the development of the Beringovsky coal basin. The press service of the Chukotka administration reports.

At the end of October, the governor of Chukotka, Roman Kopin, announced his intention to present this project to the Minsk region as a territory for outrunning socio-economic development. On the eve of the meeting participants of the meeting visited the village of Bering, looked coking coal deposit in the North Ammaame, sea port and delivered to the new equipment.

TIG Chief Operating Officer Peter Balka said that the company will continue to operate and, moreover, plans to expand the circle of partners and attract new investors. “Looking back, we see how much has already been done in four years. It's a long way. But there is even more work ahead. We constantly interact with the governor. We are pleased that the project is very clear, understandable, accurate, therefore we continue to develop it and have the opportunity to interest potential new investors, ”Balka is convinced.

TIG partners who invested a total of about 45 million dollars in the company confirmed the project's prospects and expressed confidence in its successful implementation. "The attractiveness of the project is obvious, and the company represents the right combination of Russian and foreign intelligence in the right ratio. Plus we were initially pleased that the support of the district administration is presented at an extremely high level. And this is very important for the result to be successful, "said investment director Baring Vostok Capital Partners Alexander Drozdkov.

The expert of the Russian Direct Investment Fund Nikolai Ishmetov noted that the company is also looking at the possibilities of TIG in a very promising way, and thanked the Okrug Government for help in resolving the related issues. The meeting was attended by representatives of Gazprombank and Raiffeisen Bank, who reported on their interest in the development of the project.
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