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Tigers Realm Coal receives mining license for Russian project

World Coal,

The Russian Federal Agency, Rosnedra, has awarded a mining license to Tigers Realm Coal for Project F at its Amaam North project.

The license is valid for 20 years and allows Tigers Realm Coal to commence exploration and extraction at the project.

The bankable feasibility study has been completed and Tigers Realm Coal is on track in progressing Project F to production.

Tigers Realm Coal CEO, Craig Parry, said: "Passing this most important of milestones in such a short timeframe is an outstanding outcome and paves the way for development of the project in the shortest of timeframes.”

"With the BFS demonstrating a strong case for investment and project financing discussions ongoing, TIG's evolution from explorer to developer and to producer is moving rapidly," Parry added.

Tigers Realm Coal said it is preparing documentation for the subordinate development, construction and commissioning permits and obtaining required surface rights.

The company expects to receive necessary approvals by mid-2015 with plans to commence production in the second half of 2015.

Edited from various sources by Sam Dodson

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