OREANDA-NEWS. April 14, 2008. In 1Q08, total raw coal output has decreased by 11% y-o-y and amounted to 2.91 million tonnes. These results are in line with the Company’s mining development plan for the year and reflect equipment remounting at a new coal face at Raspadskaya Mine. Thus, concentrate output at Raspadskaya Preparation Plant has increased by 6% y-o-y and reached 80.2%. Total sales of coal concentrate by volume have increased by 6% y-o-y. Domestic concentrate sales volume increased by 13% y-o-y reflecting continued heightened demand for our products in Russia.

During of 1Q08 price per tonne of concentrate on the Russian market has substantially increased and reached 3,600 roubles per tonne of concentrate for our key customers. Our realised price per tonne of concentrate on export also has increased because of the demand for the Russian coal on part of the Ukrainian customers.