The port is fully operational and under the terms of sale will continue to ship a minimum of 700,000 tonnes per annum of coal.
The port, which generally handles coal from the Nagornaya mine, will be progressively refurbished and expanded to a minimum capacity of 1 million tonnes per annum.
Tiger reportedly shelled out $US5.1 million ($A5.45 million) to gain full control of the port, including exclusive ownership and management rights.
The port is fully equipped with infrastructure, barges, warehouses and office buildings.
Tiger also owns 80% of the Amaam coking coal project, in the Chukotka province of far eastern Russia.
According to the 2013 prefeasibility study, the Project F operation is planned to begin exporting coal in 2016 at a rate of approximately 500,000tpa, increasing to a maximum of 1Mtpa.
