Tigers Realm Coal Limited, an Australian coal company is studying the prospects for development of Amaamskoye coal deposit in Cukotka Autonomous Okrug. The company is also considering the project of a new deep-water port for handling coal exports to the Asia-Pacific region, the regional authorities said.
Since 2007 a TRC’ partner Northern Pacific Coal Company has conducted a number of field and lab studies, which proved the estimated reserves of Amaamskoye coal deposit will ensure for the next 20 years annual production at about 4 million tons of coking coal.
Two representatives of the company, Martin Grant and Peter Balka have visited Chukotka and found that the field is located in a totally uninhabited and undeveloped area of the Bering Sea. In this regard, the project involves, apart from the construction of mining plant, creation from scratch of an entire infrastructure, the deep-sea export coal port as well as road and rail connecting the mine filed and the port.
The company believes the coal production at Amaamskoye field could start in the period of 2017-2020. Total investment in the project is estimated at Rub 45 billion.
Amaamskoye coal deposit belongs to a group of coal deposits in the southern Chukotka forming the Bering coalfield with estimated resources of 4.5 billion tons of coal. China’s Shenhua coal mining corporation another bidder for the Bering coals is soon going to step up development of Bukhta Ugolnaya field with proven reserves of 660 million tons.
Tigers Realm Coal Limited is a company that realizes a large-scale development projects. In addition to Chukotka, Tigers Realm Coal is preparing commercial development of large coal deposits in Colombia.
Chukotka coal industry is currently represented by two enterprises: JSC "Ugolnaya Mine" (Anadyr field) and Open Society " Nagornaya Mine " (Ugolnaya Bay field). Over the past 8 months, the Chukotka-based companies have extracted 272,700 tons of coal, primarily for the regional needs.