RDIF and Baring Vostok PE Fund Invest in Tigers Realm Coal Limited

SWF Institute, 13.12.2013

On December 12, 2013, the Russian Direct Investment Fund (RDIF) and Baring Vostok Private Equity Fund V (BVPEF V) jointly invested US$48 million into newly issued shares of Tigers Realm Coal Limited. The RDIF is investing a total of US$15 million, while the private equity fund through BV Mining Holding Limited is investing US$33 million. After the deal, the RDIF will own 11% of Tigers Realm Coal.

Russian-based Tigers Realm Coal is a coking coal mining company that is listed on the Australian Stock Exchange. In addition, Tigers Realm Coal owns 80% of the Amaam Coking Coal Project located in the frigid Chukotka Province in Russia’s Far East. The Chukotka project entails two exploration licenses called Amaam and Amaam North.

The capital raise is targeted toward increased development of two attractive coking coal deposits in the Chukotka Province.