K7н coal-seam was bared at Sadovaya mine in January 2010, which will enable the company to go ahead of planned schedule and put into operation a new longwall in k7н coal-seam to increase the volume of produced coal. Launch of new longwall is planned for May 2011, seam thickness – 1.3 meters, coal reserves in the longwall – 300 ths. tons, the longwall will be able to produce up to 9000 tons of coal per month or up to 108 ths. tons per year.
According to preliminary data, Sadovaya Group S.A. sales amounted to 905 thousand tons of coal in 2010, which exceeded the forecast by 10.8%. 278.5 thousand tons were mined at Sadovaya and Rassvet-1 mines, 13.5 thousand tons were recovered from coal wastes and additional 613 thousand tons were processed and enriched on Сompany production sites.
A new director, Vladimir Denisov, was appointed at the mine Rassvet-1 on the 5th of January, 2011. Mr. Denisov has years of experience in the coal industry – Vladimir Ivanovych began his career in 1976 and held various executive positions from the overmaster to the director of coal companies association in such state companies as Voroshilovgradugol, Arktikugol, Krasnodonugol, Luganskugol, Antracyt. For the 20 years of Ukrainian independence only 2 new mines were put into operation and Mr. Denisov completed construction and commissioned one of them – Samsonovskaya Zapadnaya mine. Vladimir Ivanovich was awarded with “Miner’s Glory” honour mark of the 3rd degree.
Kiev, Luxembourg, and Warsaw
1 December 2010
Sadovaya Group S.A. announces intention to conduct Initial Public Offering and list on the Warsaw Stock Exchange
Kyiv, Luxembourg, Warsaw
29th November 2010