Events subsequent to reporting date Finance Lease agreements On...

Events subsequent to reporting date

Finance Lease agreements

On 8 July 2019, the Group entered into two finance lease agreements with Sberbank Leasing to acquire a Komatsu bulldozer and a Komatsu excavator, delivered to Beringovsky Port during August. Total contractual payments over 48 months, including advances of RUB 17.596 million (A$0.397 million) will be RUB 110.767 million (A$2.496 million).

Lapse of Options

On 6 August 2019, 3,323,000 options were removed from the register, of which 1,729,000 were forfeited and 1,594,000 lapsed.

Coal loading capacity increases

In July 2019, the construction, fit out and delivery of two barges from China was completed. The two barges, ‘Arinay’ and ‘Kelliney’, commenced operations in July and as the shipping season progresses, they are expected to add a significant increase in port loading capacity.

On 16 July 2019 a third 500 tonne barge and on 7 August 2019 the fourth 500 tonne barge, arrived in Beringovsky port from Shakhtersk and commenced loading operations.