TIG’s strategy is to become a significant supplier of up to 10 Mtpa of Coking Coal to the seaborne market through the development of the Amaam Project in three Stages:
Stage 1has commenced and comprises the development of Project F in two phases, to a +1.0 Mtpa semi-hard coking coal operation, seaborne sales shipped from the Company owned Beringovsky Port.
Phase One: up to 0.6 Mtpa utilising existing infrastructure and mining fleet;
Phase Two: up to 1.0+ Mtpa after the construction of a coal handling and processing plant (“CHPP”), in addition to infrastructure, port and mining fleet upgrades.
Stage 2is based on production increases from Project F and Amaam North; and
Stage 3sees the development of Amaam to full capacity and the establishment of a transportation corridor to a year-round port at Arinay Lagoon
TIG Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
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