TurkPower, which focuses on acquiring and consolidating already operational mines for metallurgical coal, announced in April it would soon change its name to SibMet Coal to reflect its expanding focus on Russian operations.
The American miner cited Rogol’s experience doing business in Russia as a key asset to TurkPower’s Russian expansion strategy.
Rogol was project manager of mergers and acquisitions for SIBUR, the leading petrochemical company in Russia and eastern Europe.
He also served as chief financial officer of Perevest, one of Russia’s largest real estate groups with additional business interests in banking, insurance, telecom and other industries in the country.
“Rogol has substantial experience and expertise in doing business in Russia and also has a proven track record of helping build companies, combined with an extensive network in the Russian and international business and financial communities,” TurkPower chairman Ryan Hart said.
“Rogol will play an important role in helping define and implement the company’s strategy, as well as identify new projects.
“Rogol is currently in Russia, where he is evaluating and analyzing the company's assets and potential new projects.”
Last month, TurkPower acquired a 100 million tonne coking coal field in Russia’s coal-rich Kuzbass region.
The Zavyalov acquisition is 5km from the West Siberian railroad and comprises a 49-year lease to develop, operate and mine an open pit expected to produce up to 1Mt of high-grade coking coal in 2013 and 2-2.5Mt in 2014.
