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Tigers Realm Coal to buy 2 barges

Coal News - Published on Wed, 06 Mar 2019

Image Source: tigersrealmcoal.com
On March 1, 2019 TIG entered into a term sheet with the Sakhalin based East Mining Company for the purchase and financing of two 500t barges, previously operated by EMCO in the Port of Shakhtersk. The acquisition of these barges and their delivery to Beringovsky by the beginning of the 2019 shipping season will considerably contribute to TIG's ability to increase Port Beringovsky's throughput capacity.

TIG also announced that on February 28, 2019 we have signed a coal supply contract with a significant and strategically important Japanese customer for an initial lOOkt shipment in 2019. We view the signing of this contract as further confirmation of the increasing acceptance of TIG coal in our key Asian markets.

TIG is targeting 750kt of coal production in 2019. Accordingly, we will provide an update on 2019 production guidance concurrent with release of our 2018 Financial Report by 29 March 2019.

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Posted By : Rabi Wangkhem on Wed, 06 Mar 2019
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