OREANDA-NEWS.  In Q1 2013 the Company has produced 2.31 mln tonnes of coal, which is 5% lower than the previously published production plan. The production plan was reduced because of the seasonal decrease in demand for sorted products from households. Coal production decreased by 16%, comparing with the level of Q4 2013 and by 3% comparing with Q1 2013. The volume of commercial products reduced by 4% to 2.02 mln tonnes. Compared with the level of same period of 2013, the volume of the company's commercial products is 15% lower. Coal processing amounted 1.71 mln tonnes which is 22% lower than in Q4 2013. That was 3% lower than in Q1 2013. The share of processed coal in the commercial products amounted to 85%. The total coal washing in the Q1 2014 decreased by 9% to 0.73 mln tonnes of which 67% relates to the washing plant Kaskad 2. The volume of coal sorting decreased by 29% compared to the Q4 2013 and amounted to 0.98 mln tonnes.

The volume of stripping remains at the level of Q4 2014 and amounted 15.14 mln cbm. The volume of blasted rock mass was 8.78 mln cbm, an increase for the quarter by 4%. The share of blasted rock in the stripping was 58%. Average stripping transportation distance in the Q1 2014 decreased by 7% to 2.60 km. The average stripping ratio in Q1 2014 increased by 18% and reached 6.50. Stripping ratio increased because of the 5% lower production plan in Q1 2014. Growth of stripping ratio in Q1 2014 was 4% above the expectations of management.
In Q1 sales decreased by 31% versus the volume of Q4 2014, reaching 2.12 mln tonnes of coal. Year-on-year, this figure shows a decrease by 11%. In Q1 export sales decreased by 20% to 1.47 mln tonnes. For the quarter, the share of export in total sales increased from 59% to 69%. Coal sales in the domestic market decreased by 49% due to ended heating season and reached 0.64 mln tonnes. The volume of coal purchased for resale decreased by 7% to 0.15 mln tonnes.

In Q1 2014, the average selling price of coal has decreased by 2% compared to Q4 2013 figure, amounting to RUB 1,146 per tonne. Compared to Q1 2013, the average price increased by 11%. More information about average selling prices available to investors and analysts on request.