22 Mar, 2011
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February 2011 Production Update

Dear Friends,
We continue to update you on Sadovaya Group operational results in 2011:

  • Coal production at mines increased 159.7% year on year and 16.8% month to month
  • Average daily coal mining increased 3.0% month to month at Sadovaya mine and 51.5% month to month at Rassvet-1 mine
  • Coal sales increased 195.4% year to year

The February’s decrease of coal recovery from dumps was caused by adverse weather conditions is the region. The decrease of coal trading volume is connected to seasonality of coal purchases by energy generating companies.

in tonnes February 2011 February 2010 % change, y-o-y January 2011 % change, m-o-m
Coal sold 75,283 25,484 195.4% 110,823 -32.1%
Coal mined 31,928 12,294 159.7% 27,343 16.8%
including:
Sadovaya mine 11,626 8,334 39.5% 12,502 -7.0%
Rassvet-1 mine 20,302 3,96 412.7% 14,841 36.8%
Coal recovered from waste dumps 740 0 n/m 3,26 -77.3%
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