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Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
Tigers Realm Coal
Tigers Realm Coal (TIG) investor relations material
Tigers Realm Coal Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary26 Jan, 2026
Executive summary
Entered into a Share Purchase Agreement in April 2024 to sell Russian subsidiaries and mining/port operations.
All seller-side conditions for the sale have been met; only buyer-side presidential approval remains outstanding.
Approval process from Russian authorities is significantly delayed and ongoing.
Uncertainty over transaction completion has led to exploration of alternative options.
Significant events and developments
Russian operations continue to be classified as assets held for sale.
Lack of clarity on future ownership and zero parent funding have halted Russian operations.
Communication with Russian management is limited due to compliance with Australian Sanctions Regime.
Risk factors and uncertainties
Prolonged delays in Russian state approval process for the sale.
High domestic borrowing costs and low coal prices in Russia have increased operational risks.
Uncertainty regarding the timing and terms of transaction completion.
Inability to secure working capital has heightened risk of non-resumption of Russian operations in 2026.
How will operations resume without financing?
Detail other options for Russian asset disposal
Assess current buyer's commitment to SPA
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Next Tigers Realm Coal earnings date
Q1 202627 Apr, 2026
Tigers Realm Coal
Next Tigers Realm Coal earnings date
Q1 202627 Apr, 2026
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Frequently asked questions
Tigers Realm Coal Limited is an Australia-based mining company engaged in the exploration, development, and production of coal. The company operates coal projects in Russia’s Far East, focusing on the extraction and supply of metallurgical and thermal coal to domestic and international markets. Its operations include mining, transportation, and export logistics, serving industries such as steel production and energy generation. Tigers Realm Coal Limited is headquartered in Melbourne, Australia, and its shares are listed on the ASX.
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