Ann: 2018 Annual Report, page-6

i get the impression the port itself has barge restrictions, so part of scaling up the capacity is getting even bigger barges again...

Amaam North Snapshot

During 2018, TIG produced 576kt of coal mined, a 131% increase over the 249kt of coal mined in 2017 and coal sales volumes of 393kt, representing a 138% increase over 2017 sales of 165kt. Coal shipments were materially impacted by unusually poor loading conditions during the shipping season, primarily in the latter stages. This reinforced to management the necessity to identify the capital investments and process improvements needed to achieve substantially higher throughput capacity, including but not limited to fleet management and optimisation of productivity rates, enhancement of the haulage road, multiple dock loading points and investment in port loading infrastructure both on the land (stackers) and the water (barges), submitting an application to expand the legal size of barges permitted to operate within the Beringovsky harbour area.

handling of the coal is costing too much.. too small barges and ships..

The pricing of TIG’s coal products is highly correlated with the relevant market indices for the various product qualities, adjusted for freight differential given the location and size of the vessels able to be currently serviced at the Beringovsky port (handymax and supramax). In general, due to the smaller relative size of the vessels, despite our geographic advantage, the cost of shipping from our port to Northern Asian markets is up to US$ 10 - 12 per tonne higher than similar products from Australia shipped in larger vessels.