ASX-listed Russian coal miner fights sanctions, taps China
Key Points
- Why it matters: Tigers Realm is an ASX coal miner operating in Siberia.
- Sanctions preclude it from selling Russian coal since the invasion of Ukraine.
- Tigers Realm is suing DFAT trying to overturn its sanctioned import assessment.
A Russian coal miner listed on the ASX will keep digging and shipping coal from Siberia to China despite the Foreign Affairs Department advising they are “likely” to be in breach of Australian sanctions imposed following Vladimir Putin’s invasion of Ukraine.
ASX-listed Tigers Realm Coal, partly owned by Russia’s state investment firm, said on Tuesday it had struck deals to supply coal to at least four Chinese clients and planned to target Indian and Vietnamese buyers. These countries do not adhere to global sanctions imposed following Russia’s invasion of Ukraine.
An earlier version of this article stated Tigers had produced 630 million tonnes of coal. It has produced 630,000 tonnes.
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