Tigers Realm Coal’s (“TIG’s”) vision is to become a significant supplier of high quality coking coal to the seaborne market through the development of its assets located in the vicinity of the Bering Sea coast in the Russian Far East, Chukotka Autonomous Okrug (District). The two TIG controlled Licences, Amaam and Amaam North, together comprise the “Amaam Coal Project”. Integral to the realisation of the Amaam North project is the TIG owned Beringovsky Port and Coal Terminal, located 35km to the north east of the Amaam North tenement. TIG is planning to achieve this goal through gradually realising its resource potential and becoming a meaningful supplier of up to 10 Mtpa of coking coal to the seaborne market via the development of the Amaam Coal project in three stages: Stage One has commenced and comprises the development of Project F to a 1.0 Mtpa semi-hard coking coal operation, realized through the Beringovsky Port, initially achieving up to 0.6 Mtpa utilising existing infrastructure and mining fleet (Phase One), followed by expansion to 1.0+ Mtpa through construction of a coal handling and processing plant (“CHPP”), in addition to infrastructure, port and mining fleet upgrades. The implementation of Phase One has been achieved through the ongoing support of our key stakeholders, including but not limited to our partners in the Chukotka Autonomous Okrug and our shareholder base, as evidenced through the successful completion of the 1 for 1, fully underwritten Non-Renounceable Rights Issuance in September 2016. Stage Two is based on production increases from Project F and Amaam North; and Stage Three sees the development of Amaam to full capacity and the establishment of a transportation corridor to a year-round port at Arinay Lagoon Continued targeted exploration aimed at upgrading delineated coal resources and engineering studies, will lay the foundation for the next Stages of the Amaam development.
Board of Directors
TIG’s Board is composed of Directors with experience in exploration, project development, mining, coal processing, bulk commodity marketing, financing, infrastructure and regulatory affairs on an international level.
Chairman of the Board, Independent Non-Executive Director
BSc Engineering (Mechanical and Industrial) University of Witwatersrand. Mr Wiggill was appointed Non-Executive Director on 20 November 2012. He is a member of the Nomination & Remuneration Committee and the Audit, Risk & Compliance Committee.
Independent Non-Executive Director
BEc(Hons), FAusIMM. Mr Hegarty was appointed Non-Executive Director of TIG on 8 October 2010. He is Chairman of the Audit, Risk & Compliance Committee and the Nomination & Remuneration Committee.
BA (Political Science, Yale University), MPhil (Russian and East European Studies, Oxford University). Mr Morgan was appointed Non-Executive Director on 1 April 2014. He is a member of the Nomination & Remuneration Committee and the Audit, Risk & Compliance Committee.
MBA (University of Chicago Booth School of Business, London). Mr Sitdekov was appointed a Non-Executive Director on 1 April 2014. He is a member of the Audit, Risk & Compliance Committee.
Nikolay Ishmetov, Msc in Finance (Cass Business School,London), is an Alternate Director to Tagir Sitdekov.
Mr. Ishmetov is currently a Senior Associate at Russian Direct Investment Fund (“RDIF”) and has been involved in the Russian private equity market for over 5 years. Mr. Ishmetov has been serving for over 5 years as an Alternate Director in the Board of Directors of “MD Medical Group”, the leading healthcare operator in Russia. Prior to joining RDIF, Mr. Ishmetov worked in the M&A department of Societe Generale, where he participated in a number of cross-border M&A deals in various sectors.
MB, BC, FRACS, MSc, PhD. Dr Bruce Gray was appointed a Non-Executive Director on 1 October 2015. He is a member of the Nomination & Remuneration Committee.
TIG’s management team has experience in exploring, developing, operating and financing large scale natural resource projects. The team has skills in the areas of geology, mining operations, infrastructure, regulatory, environmental and financial affairs. All senior operational managers have worked previously in the minerals and mining sector and will manage the Amaam Coal Project’s development, including any third party contractor workforce required for the development of TIG’s mining operations.
Interim Chief Executive Officer
B.E (Mining Eng), MAUSIMM Mr Balka commenced as General Manager – Projects and Studies on 1 January 2011 and was appointed as Chief Operating Officer in November 2012.
Chief Financial Officer
ACCA (Association of Chartered Certified Accountants) Far Eastern State University International Economics (China)
General Manager Project F
B.E (Electrical Mechanical 1993, Mining 2001)
FCIS, FCPA Mr Forsyth was appointed the Company Secretary of TIG on 8 October 2010. Mr Forsyth was appointed as Director of TIG in October 2010 and resigned on 7 March 2011.
The Company has adopted systems of control and accountability as the basis for administration of corporate governance. TIG is committed to administering the policies and procedures with openness and integrity, pursuing the highest standards of corporate governance commensurate with the Company’s needs. To the extent that they are appropriate and applicable the Company has adopted the Principles of Good Corporate Governance Recommendations as published by the ASX Corporate Governance Council. As the Company’s activities develop in size, nature and scope, TIG will consider on an ongoing basis its corporate governance structures and whether they are sufficient given the Company’s size and nature of operations. The Board and management have established a range of policies, practices and arrangements that reflect the recommendations. Those policies, practices and arrangements are reviewed regularly. Some of those arrangements, policies and practices are set out herein: