TurkPower launches two subsidiaries in British Virgin Islands
TurkPower Corporation has launched two new subsidiaries under the names Sibcoal Mining Corporation (SMC) and Sibcoal Commodities Trading Corporation (SCT) in British Virgin Islands (BVI).
SMC will be holding the company's mining licenses for the Zavyalov Square of the Toguchino Coal Field located in Russia's Novosibirsk Region.
The Zavyalov Square has over 100 million tonnes of forecasted extractable quantity of high-grade hard coking coal, which is fit for processing into metallurgical coking coal.
TurkPower expects mining operations to commence in the second quarter of 2012.
SCT is the company's commodities trading division and will have offices in Russia, Spain, Switzerland and the British Virgin Islands.
The company expects to sell and ship its inventory of coking coal worth in excess of $20m through its subsidiary SCT in the first quarter of 2012.
Furthermore, a substantial long-term coal off-take agreement is scheduled to take place in the first quarter of 2012.
Related Insight
Suppliers Directory
Power Generation Biofuels & Biomass Fossil Fuel Geothermal Hydro Nuclear Solar Wind
Power Distribution Utilities Network Utilities Retail
Mining & Commodities Carbon Coal Minerals & Materials Nuclear Fuels
Coal Intelligence
“Competing For Share Of Global Upstream Oil & Gas Industry Spend In 2010-2011” is a new report published by ICD Research that analyzes how industry suppliers’ media spend, marketing and sales strategies & practices and business planning will be shaped in 2010 to 2011. In an uncertain economic climate this report gives you access to the media channel spending outlooks, media budgets, marketing agency selection criteria, business challenges and sales tactics of leading suppliers to the upstream oil and gas industry. The report also identifies oil and gas exploration and production companies and suppliers future growth, M&A and investment expectations. The research is based on an extensive survey of senior and C-level industry executives from our market leading panels. Buy online from $2000
Comments may be moderated for spam, obscenities or defamation.