Raspadskaya Increases Coal Output by 10% in 4Q 2007
OREANDA-NEWS. January 16, 2007. OAO Raspadskaya, one of the Russia’s leading coking coal producers, has announced its preliminary operating results for 4Q 2007.
In 4Q07, total raw coal output has increased by 10% y-o-y and amounted to 3.26 million tonnes. This represents a 12% q-o-q decrease in accordance with Company’s mining development plan. Total sales of coal concentrate by volume have increased by 22% y-o-y. In particular, domestic concentrate sales volume increased by 25% y-o-y while export sales have increased by 13% y-o-y. Total 2007 production has increased by 27.7% with respect to 2006 and amounted to 13.55 million tonnes.
Our benchmark average realised price per tonne of concentrate on the domestic market has increased in dollar terms by 28% q-o-q having reached $93.7 (or 2,309 roubles) per tonne of concentrate.
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