ENP Newswire -
Release date- 16072014 -
Q2 2014 Highlights:
In Q2 2014, overall raw coal production amounted to 2.6 million tonnes, a 38% increase compared to Q1 2014, primarily driven by increased production at Raspadskaya mine's longwall 4-9-23, launch of longwall 5-15-24(1) at the MUK-96 mine and shift to planned production volumes at the Razrez Raspadsky open-pit.
In Q2 2014, sales volumes of coking coal concentrate increased to 1.7 mt, or by 54% compared to Q1 2014 mainly due to higher production at the Raspadskaya mine's coal-faces and a respective decrease in ash content in the coal mined. As a result, the concentrate yield increased to 70%.
In Q2 2014, domestic sales of coking coal concentrate increased to 780 kt, or by 26% compared to the previous quarter, mainly due to the increase in shipments to large Russian metallurgical enterprises.
In Q2 2014, the exports of coal concentrate amounted to 877 kt, or 53% of total sales, compared to 43% and 458 kt in Q1 2014. 89% of the export sales were to the
Sales volumes of raw coal grew by 28% vs. Q1 2014 as more raw coal was shipped to Yuzhkusbassugol's washing plants for production of multi-component concentrate blends from Yuzhkuzbassugol's and Raspadskaya's coals.
In Q2 2014, the weighted average selling price of coal concentrate decreased by 17% in Rouble terms due to challenging coal market conditions worldwide which were caused by a decrease in coking coal consumption in
H1 2014 Highlights:
In H1 2014, overal raw coal production amounted to 4.4 mt, which is 12% higher than in H1 2013 mainly due to the launch of the three new longwalls at the Raspadskaya mine.
Sales volumes of coking coal concentrate remained flat compared to H1 2013 and amounted to 2.7 mt. The lack of growth in coking coal concentrate sales in H1 2014 is attributable to the increase in the share of raw coal in the sales and lower concentrate yield because of high ash content in the coal mined. In Q2 2014, it was offset by the increase in the share of production from the longwall faces.
The domestic sales of coking coal concentrate decreased by 14% compared to H1 2013 and amounted to 1.4 mt, mainly due to an increase in export sales.
The exports of coal concentrate in H1 2014 amounted to to 1.3 mt, or 49% of total sales, out of which 86% were shipments to the
Raw coal sales volumes increased to 594 kt, or by 107% compared to H1 2013 due to increased shipments to
In H1 2014, the weighted average selling price of coal concentrate decreased by 14% in Rouble terms due to challenging global coal market conditions.
In H2 2014, raw coal production is expected to increase as the Raspadskaya mine will put into operation the forth longwall and also due to the production increase at the Razrez Raspadsky open-pit and the Raspadskaya-Koksovaya mine. In addition, the ash content in the coal mined will reduce due to the increase in the share of production from the longwall faces, which should positively affect the coal concentrate output.
About the Company
Raspadskaya is a compact integrated coal mining and enrichment complex located in the Kemerovo region of
For further information please visit www.raspadskaya.com
Tel: +7 38475 4 65 30
Tel: +44 207 832 8990
Information provided in this press release presents expected results of
The information regarding our operating results in this press release depends on many external factors and therefore, provided all permanent obligations and best practices under international listing rules are unconditionally observed, cannot qualify for accuracy and completeness and should not be regarded as an invitation to buy shares of
Therefore, the actual results and indicators may significantly differ from any declared or forecast operation results.
Most Popular Stories
- Steven Sotloff Beheading Video Claimed by Islamic State
- Fantasy Football Gambling Industry Facing Increased Legal Scrutiny
- Apple Planning to Launch Mobile Wallet
- Men Are the Big Winners in the Jobs Recovery
- Challenge to Texas Voter ID Begins
- Ford Is Finding Success With Its 'Unminivan'
- Durant Spurns Under Armour to Return to Nike
- Auto Industry Going Back to Bad Habits
- Health Care Hiring Up, Wages Down
- Netflix Unveils New Way to Share Picks