ASX Round-Up: An Overview of Kingsrose Mining and Tigers Realm Coal

For investors focused on the resource space, a good way to track companies listed in Australia is to look at the S&P/ASX 300 (INDEXASX:XKO). The index includes all S&P/ASX 200 (INDEXASX:XJO) companies as well as about 100 smaller-cap companies, and as of April 2015 accounted for 74 percent of the Australian equities market. Specifically, the S&P/ASX 300 Metal & Mining (INDEXASX:XMM) division is a great source for companies to watch.
The Investing News Network is thus profiling companies on the S&P/ASX 300 Metal & Mining index. This week’s companies are Kingsrose Mining (ASX:KRM) and Tigers Realm Coal (ASX:TIG).
Kingsrose Mining specializes in high-grade, narrow-vein gold mining, and has an 85-percent interest in the Indonesia-based Way Linggo project. Way Linggo holds two mines: Way Linggo and Talanga Santo. The former has a track record of high-grade, low-cost gold production, but mining activities were suspended there in 2013. The latter is fully permitted and currently transitioning to full production.
Most recently, Kingrose Mining released its quarterly activities report for the period ended March 31, 2015. It reported a 17-percent increase in gold production from the previous quarter, with output coming to 6,409 ounces. Silver production was 11,509 ounces. Cash and bullion on hand at the time came to AU$8.79 million.
For its part, Tigers Realm Coal is an emerging global coking coal company that’s focused on the development of its Amaam and Amaam North coking coal projects in Russia. It believes it will ultimately benefit from being close to Asian steel markets.
The company last released news on June 12, announcing the receipt of “key permits required to commence mining coal at its Amaam North Project F.” Those key permits, coupled with the granting of a mining license, mean Tigers Realm has now reached the most critical permitting milestones for the development of Project F.
 
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. 
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