SADOVAYA (SGR): FEBRUARY 2011 PRODUCTION UPDATE - raport 11
Raport bieżący nr 11/2011
Sadovaya Group S.A., a joint stock company under Luxembourg law, with registered office at 412F, route d’Esch, L-2086 Luxembourg, registered in the Luxembourg Register of Companies under No. B 153.489, (the "Company"), hereby provides update on coal production in February 2011:
- Coal production at mines increased 159.7% year on year and 16.8% month to month
- Average daily coal mining increased 3.0% month to month at Sadovaya mine and 51.5% month to month at Rassvet-1 mine
- Coal sales increased 195.4% year to year
The February’s decrease of coal recovery from dumps was caused by adverse weather conditions is the region. The decrease of coal trading volume is connected to seasonality of coal purchases by energy generating companies.
For detailed information about coal production please see attached file.
Legal grounds: Art.14 of the Luxembourg Law of 9 May 2006 on market abuse, and Art. 56 of the Act of 29 July 2005 on the public offering, conditions governing the introduction of financial instruments to organised trading system and on public companies.
Viktor Chornogor - Internal auditor