Emerging global coking coal producer Tigers Realm Coal has signed two binding heads of agreement (HoAs) with its joint venture (JV) partners to increase its percentage ownership of the Amaam North project, in far-east Russia, from 80% to 100, and to reduce yearly JV payments on the project’s coal revenues, compared with current royalties. Tigers Realm aimed to reduce the total payment and duration of JV payments attributable to revenues from Amaam North.
