SUEK produced 68,4 mln tonnes of coal in January-September 2015

Sales volume of January-September 2014 increased by 8% over the same period last year to 70,9 mln tonnes of coal.

Domestic sales volumes increased by 14%. 36,3 mln tones of coal  were delivered to Russian customers, 29,7 out of which were delivered to electric power plants.

International sales volume of January-September 2015 grew by 3% to 34,6 mln tonnes of coal. Key export markets include Japan, China, South Korea, Netherlands, Taiwan, India, Great Britain, and Germany.

JSC "SUEK" - one of the leading coal mining companies in the world, the largest coal producer in Russia and the largest coal supplier to the domestic market and for export. Mining, processing, transport and service enterprises of SUEK are located in seven regions of Russia. There are more than 33,000 employees at the enterprises of SUEK. The main shareholder - Andrey Melnichenko (92.2 %).

Comments:

Klaus-Dieter Beck, Member of Board of Directors: The operating results for the first nine months of 2015 demonstrate that SUEK sustains its leadership position on the Russian thermal coal market. The growth in domestic sales in January-September was stimulated by increased demand for coal from Russian power generating companies due to lower levels of rivers and, as a result, a decrease in electricity generation by hydro power plants. Additionally, the launch of new power generating units built under power capacity supply agreements also supported the domestic demand for coal, including the brands produced by SUEK.

Stefan Judisch,  Member of Board of Directors: Growth in global thermal coal demand in the first three quarters of 2015 was restrained by slowing Chinese economic growth. Access to the most efficient logistics routes both to western and eastern markets enabled SUEK to increase international sales by 3% in the reporting period combining supplies from its own mining units and coal volume purchased from the third party producers as part of its trading activities.”