About Us

Company Overview

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.

Located for Success

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.

Craig Wiggill

Craig Wiggill

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.

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Mr Wiggill has extensive experience in the global mining industry including over 25 years in the coal sector, the majority of his experience being within the Anglo American Plc group. Mr Wiggill is currently the Chairman (non-executive) at Buffalo Coal Corp (CVE: BUF) which has two operating coal mines in its portfolio. In addition, he is the Chairman (non-executive) of globalCOAL which is a London registered company, the principal activities of which are the development of standardized contracts for the international coal market and the provision and management of screen based brokerage services for the trading of physical and financial coal contracts. His most recent executive role was as CEO – Coal Americas at Anglo Coal, where he established and developed the Peace River operation in Canada and co-managed joint venture projects at Cerrejón and Guasare. He has also held leadership roles covering commercial, trading and marketing responsibilities, corporate strategy and business development for Anglo American.
Owen Hegarty

Owen Hegarty

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.

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Mr Hegarty has more than 40 years experience in the mining industry. He had 24 years with the Rio Tinto Group; then founded and led Oxiana Ltd for 12 years. He is a founder of Tigers Realm Coal Ltd. He founded and is currently Executive Chairman of EMR Capital, a mining private equity firm. Until end 2016 he was Vice Chairman and Non-Executive Director of Fortescue Metals Group Ltd. Mr Hegarty has received a number of awards recognising his service to the mining industry and presently serves on a number of Government and industry advisory groups.
Tav Morgan

Tav Morgan

Non-Executive Director

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.

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Mr Morgan is an industry partner at Baring Vostok Capital Partners (BVCP) with responsibility for investment projects in Russia, the CIS and Mongolia. Prior to BVCP he worked as Managing Director at Goldman Sachs in the Global Natural Resources Group from 2009-2012 and was responsible for the investment banking division’s advisory work with natural resource clients in Russia and the CIS. From 2004 to 2008 Mr Morgan was a Managing Director and COO at Norilsk Nickel and prior to that role he was a partner with the Moscow office of McKinsey and Company for 10 years.
Tagir Sitdekov

Tagir Sitdekov

Non-Executive Director

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.

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Mr Sitdekov is currently a Director of Russia Direct Investment Fund (RDIF) and has been involved in the Russia private equity market for the last 10 years, recently as Managing Director at A-1, a direct investment arm of Alfa Group, Russia’s largest private conglomerate. Mr Sitdekov has participated in a number of landmark private equity transactions across a range of industries. From 2003 to 2005 he was CFO at power generating company OJSC Sochi TES (a subsidiary of RAO Unified Energy System of Russia) and prior to that role he was a Senior Consultant at Creditanstalt Investment Bank for 2 years.

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.

Bruce Gray

Bruce Gray

Non-Executive Director

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.

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Following a long and distinguished career in the medical profession, Dr Bruce Gray has operated a number of highly successful start-up businesses in the medical sector. We look forward to his contribution, particularly in the area of business and financing strategy.

Management

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.

Dmitry Gavrilin

Dmitry Gavrilin

Chief Executive Officer

MPA (Harvard Kennedy School), LLM (Hamburg University), PhD Russian Academy of Sciences, Law Degree Kaliningrad State University

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Dmitry was appointed to the TIG team in the role of Chief Executive Officer on 1 June 2018. Dmitry has over 18 years of cross-sector industrial experience in Russian industrial and financial groups, international investment funds, financial  institutions and international law firms. From 2011 to 2018, Dmitry was with the ICT Group, a large Russian industrial and investment Group, where he was involved in all aspects of investment and project development (with a focus on mining assets) including financial valuation, M&A transactions, project structuring and finance raising. Dmitry has participated in the development of coal mining projects in the Russian Far East on both strategic and operational levels and has over 7 years of experience in coal mining management at the Board and Managing Director level. He has extensive experience in finance, general management and investment project management.

Sergey Efanov

Sergey Efanov

General Manager Project F

B.E (Electrical Mechanical 1993, Mining 2001)

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Sergey is a mechanical and mining engineer with over 25 years of experience working in coal mines in Vorkuta and  the Kuzbass. During his career Sergey has obtained extensive production experience in underground and open pit  coal mining, processing and transportation. His has managed large scale operations and his most recent experience has focused on improving the operational efficiency of large coal operations. Prior to joining TIG, Sergey worked for the largest coal companies in Russia, including Severstal and MMK. He initially gained qualifications in Electrical, Mechanical Engineering, and completed his Degree in Mining Engineering in 2001.

David Forsyth

David Forsyth

Company Secretary

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.

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Mr Forsyth has over 40 years’ experience in the engineering, project development and mining field. His most recent positions were with Oxiana Limited (now OZ Minerals Limited), where he was Company Secretary and Manager Administration from 1996 to 2008. Mr Forsyth joined TRM as director and Company Secretary in 2009.

Corporate Governance

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: