Business
Tigers Realm Coal: There’s never been a better time to mine coal in Siberia – The Australian Financial Review
As China blacklists coal shipments from Australia, a bunch of Australian millionaires and billionaires are ramping up their Siberian coking coal play.
Mr Hegarty has previously been a senior executive at Rio Tinto and Oxiana, a director of Fortescue Metals Group and OZ Minerals and is now chairman of acquisitive private equity firm EMR Capital.
The $43.5 million raising will help Tigers Realm to lift the volumes of coal it produces each year, and the proportion of coking coal in the mix.
A majority of the mine’s product this year was thermal coal, but the expansion into a new section of the resource will ensure coking coal becomes the primary…
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