Tamar Resources is a British company, based in London.
We are looking to acquire and develop a coking coal mine in Europe.
Our financial backing is from British investment groups.
We are experienced mine financiers.
Tamar has approached the Polish Ministry of Energy with an offer to acquire and re-open the Krupiński mine which was closed in 2017.
Making an investment of over US$200m, Tamar proposes to bring the mine back into production, mining the coking coal seams that lie beneath the thermal coal which has been mined to-date.
Workers and management would be hired in Poland, creating 2000 new Polish jobs directly (and many more indirectly) in Silesa, plus a further 400 contractor jobs during initial development. This will be a Polish company supported by British money.
Tamar is proud to be working in partnership with the Solidarity trade union, and the Krupiński workers union. The company has pledged to pay fair wages and provide a good working environment. Worker safety will be of the highest priority.
Tamar's financial partner in its offer to acquire and re-open the Krupiński mine is Greenstone Resources.
Greenstone is a British private equity fund which invests into mining projects. It brings substantial financial support to Tamar. The fund's mining technical expertise complements that of Tamar's own team.
Greenstone Capital LLP is authorised and regulated by the UK Financial Conduct Authority.
Tamar's legal advisor is internationally regarded law firm Bryan Cave Leighton Paisner.
Tamar is led by its Chief Executive, George Rogers. Over a 30 year career as a mining financier, George has arranged the financing of several billion US dollars of project funding. He is one of the world's leading financiers of mines.
He is committed to a philosophy of high environmental standards and safety for the workforce.
George is supported by a team, expert in mining technical and financial evaluation, and implementation.
If successful in acquiring Krupiński, a new management team will be built to re-develop the mine, operating from within Tamar Polska Sp z.o.o, Tamar Resources' Polish operating company.
COKING COAL not THERMAL COAL
Tamar's operating plan is to mine coking coal only. This is used to make coke which is an essential ingredient in steel making. There is no other way to make steel.
The EU is fully supportive of the production of coking coal, and lists it as one of Europe's critical raw materials.
Tamar has no intention of producing thermal coal from Krupinski. Thermal coal is used in power stations and there are moves internationally and within the EU to move away from dependence on thermal coal for power stations.
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