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Enterprises of LLC Kompaniya Vostsibugol Produced 4 mln Tons of Coal in Q1 2011

Enterprises of LLC Kompaniya Vostsibugol (a part of OAO Irkutskenergo), including the mines under its management, produced 4 mln tons of coal, which is 6.2% higher year-on-year. Volumes of stripping operations at the company’s mines increased by 6.9% year-on-year and reached 12.8 mln m3. Volume of coal supplies to the consumers reached 3.8 mln tons in Q1 2011. 2.9 mln tons was sent to the main consumer — CHPPs of OAO Irkutskenergo. 0.9 mln tons of coal was supplied to other consumers, which include maintenance and utility enterprises, enterprises of Ministry of Defense, timber industry, OJSC Russian Railways.

Investments in the development of coal business at all mines totaled 126.9 mln RUR in Q1 2011, including: purchasing and modernization of special equipment, construction of technical facilities, motor roads.

Commentary:

Evgeny Fedorov, CEO of OJSC EvroSibEnergo: “Coal direction is still of high priority of the company in terms of the strategy of full fuel independence. We plan the growth in production from 14.6 mln tons in 2010 to 15.5 mln tons in 2011.

Press service of OJSC EvroSibEnergo

May 24, 2011

May 24, 2011
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