OREANDA-NEWS. OAO Raspadskaya announces its preliminary operational results for FY 2015

In 2015, raw coal production totalled 10.4 million tonnes, up 1% year-on-year from 10.2 million tonnes in 2014, despite the closure of MUK-96 and field no. 1 at Raspadskaya-Koksovaya.

Sales of coking coal concentrate amounted to 6.4 million tonnes, up 7% year-onyear.

Domestic sales of concentrate fell to 2.8 million tonnes, down 5% year-on-year.

Exports of concentrate accounted for 56% of overall concentrate sales, or 3.6 million tonnes, of which 87% went to the Asia-Pacific region and 13% to Europe. Amid a rise in overseas demand for concentrate, the Company boosted production and entered new markets in the Asia-Pacific region.

Sales of raw coal totalled 1 million tonnes.

The weighted average selling price of concentrate in ruble terms increased by 34% year-on-year, driven by several factors:
- Domestic prices rose. o The profitability of sales improved after the Company reduced production of cheaper GZhO-grade coal following the closure of MUK-96.
- Export prices rose in ruble terms due to the currency's weakness.