RDIF completes deal to invest in Tigers Realm Coal Limited
Press release, 01.04.2014
Moscow, April 1, 2014 – The Russian Direct Investment Fund (RDIF) today announced a completion of its investment into newly issued shares of Tigers Realm Coal Limited (TIG), an Australian listed company with coking coal assets in the Chukotka province in Russia’s Far East.
Russian Direct Investment Fund (RDIF) was established in June 2011 to make equity co-investments primarily in the Russian Federation alongside reputable foreign financial and strategic investors. Based in Moscow, RDIF’s management company is a 100% subsidiary of Vnesheconombank. Further information at rdif.ru.
Tigers Realm Coal Limited (ASX:TIG)
Tigers Realm Coal is a coking coal mining company listed on the Australian Stock Exchange. It solely operates in Russia and is the 80% owner and manager of the Amaam Coking Coal Project located in the Chukotka Province in Russia’s Far East. The Amaam Coking Coal Project comprises two licenses: Amaam and Amaam North. Project F at Amaam North, currently in the Bank Feasibility Study preparation phase, is the current focus of TIG’s drive to early production from these major coal deposits. Further information at www.tigersrealmcoal.com
Contacts for additional information:
Russian Direct Investment Fund
Director, Media Relations Department
М: +7 964 726 1773