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Australian Mining Company Eyes Burma

9 July 2012

Tigers Realm Group, an Australian mining and exploration company, is planning to go into Burma after receiving US $30 million in new private funding, according to a report by The Australian. “We’ve had some people there, they’ve done some surveys and we’ve got some contacts,” said the company’s chairman, Own Hegarty. He added, however, that the company is still in talks to acquire mining rights, in addition to its exploration license. Most of the company’s new funding is believed to have come from the $7 billion Mount Kellett Capital Management hedge fund.