OREANDA-NEWS. October 12, 2007. OAO Raspadskaya, one of the Russia’s leading coking coal producers, has announced today its preliminary operating results for 3Q 2007:

This represents a 10% q-o-q increase. Total sales of coal concentrate by volume have increased by 48% y-o-y. In particular, export sales volume of the coal concentrate increased by 52% y-o-y reflecting strong demand. Yet, export sales have fallen by 22% q-o-q because of the growth in domestic concentrate sales determined by a sharp demand increase on part of the Russian steel makers. Our benchmark average realised price per tonne of concentrate on the domestic market has increased by further 3% q-o-q and reached $73.4 (or 1,872 roubles) per tonne of concentrate.


Commenting on 3Q07 results, Raspadskaya’s CEO Gennady Kozovoy said: “In September, we have achieved a record production level of 1,335.9 thousand tonnes. Our spot prices are reaching now above $100 per tonne of our concentrate. Thus, we are demonstrating to the market our full potential capturing exceptionally strong market momentum through both increased volumes as well as higher prices. We are on track to exceed 13 million tonnes production target for the entire 2007.”