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In H1 2007 SUEK supplied 41 mt of coal

Thursday, July 26th, 2007

During January – June 2007 the mines of Siberian Coal Energy Company (SUEK) produced 42.2 mt and sold 41 mt of coal, down 7% and 5% respectively compared to the corresponding period last year.
The reduction was mainly due to lower demand for fuel from Russian power producers and housing utilities as a result of abnormally warm winter and high level of hydro with a consequent higher output of hydro power stations.
Domestic coal sales were down 12% at 28.2 mt, including sales to power utilities at 20.2 mt.
At the same time, export sales in the first half of the year were up 15% at 12.8 mt. The largest importers were UK, Japan, Korea, Finland, and Denmark.

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