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Performance indicators
2023
It is noted that energy and coking coal from the field is supplied to Northeast Asia. In 2023, Beringpromugol produced 1.6 million tons of coal, and net profit reached 2.6 billion rubles. For comparison: in 2020, the production volume amounted to 792 thousand tons, of which 760 thousand tons were sold, including 158 thousand tons of coking coal and 602 thousand tons - energy.
History
2024: APM-Invest buys Beringpromugol from Tigers Realm Coal
On April 15, 2024, the Australian company Tigers Realm Coal (TIG) announced the sale of its Russian coal business. The buyer was the APM-invest structure owned by entrepreneur Mark Buzuk, and the transaction value was $49 million.
Under the terms of the agreement, APM-invest acquires the Beringpromugol mining company, the Beringugolinvest management company and the Northern Pacific Coal Company, which is engaged in geological exploration. The deal needs to get approval from TIG shareholders. In addition, according to Russian law, the transfer of assets must be approved by the Federal Antimonopoly Service (FAS) and the President of Russia. The funds must be transferred to the seller in full within 30 days after the closing date.
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OOO Beringpromugol and OOO Port Ugolny are registered as anchor residents of the Bering territory of advanced socio-economic development[1]
2010-2016
Beringpromugol, a Russian subsidiary of TIG, was founded in 2010. In 2012, the company received a license for the reserves of the Alcatvaam Project F field (Fandyushkinskoye Pole) in the Chukotka Autonomous Okrug, and in 2016 active development of the site began. The Alcatwaam coal deposit is synclinal in structure with longitudinal and transverse sections, gentle and inclined falls. TIG estimated the exploration site at 370 million tons.
Notes
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