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Tigers Realm Coal Limited ( (AU:TIG) ) just unveiled an announcement.
Tigers Realm Coal Limited has faced significant challenges over the past year due to geopolitical tensions and regulatory hurdles in Russia, leading to the decision to dispose of all its Russian assets. The sale process has been complicated by new Russian legislation imposing financial conditions, and delays in obtaining necessary approvals. The company is negotiating revised terms for the sale, with a reduced selling price and increased exit taxes, but completion is pending further approvals and agreement on terms.
More about Tigers Realm Coal Limited
Tigers Realm Coal Limited is a company operating in the coal industry, primarily focused on mining and related activities. The company has been involved in operations in Russia, dealing with geopolitical challenges and regulatory issues affecting its market focus.
Current Market Cap: A$39.2M
See more data about TIG stock on TipRanks’ Stock Analysis page.