Highlights Safety performance is improving, with no LTIs during...

Highlights

Safety performance is improving, with no LTIs during the quarter.

98 kt of thermal and semisoft coking coal is on stockpile at Beringovsky Port ready for sale and performance trials with major North Asian steel mills. Sales contracts for the first cargos of thermal coal to China and the Chukotka market were completed.

Winter mining and transportation of coal to port ceased at the end of April as planned, and work on the first 2017 phase of haulage road construction commenced in May. The road work is on schedule with mining and coal haulage planned to recommence in the second half of July.

TIG completed construction of the Port customs checkpoint. It was successfully commissioned by the supervising authorities and is now in operation.

Beringovsky Port commenced operations for the season, 18.2 kt of third party coal was transshipped in June.

Equipment procurement to expand the operations was completed. Two excavators, one bulldozer, one front end loader and auxiliary fleet are to be delivered this shipping season.

A coal crusher was delivered on the first vessel to Beringovsky in June and is now operating.