MMK Belon report operational highlight for 9 months
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Monday, 13 Dec 2010
| | 9M'10 | 9M'09 | Change | Q3'10 | Q2'10 | Change |
| Concentrate production | 4,345 | 3,684 | 17.90% | 1,094 | 1,608 | -32.00% |
| coking coal concentrate | 2,118 | 1,991 | 6.40% | 525 | 747 | -29.70% |
| steam coal concentrate | 2,127 | 1,693 | 25.60% | 569 | 853 | -33.30% |
In ‘000 tonnes
| | 9M'10 | 9M'09 | Change | Q3'10 | Q2'10 | Change |
| Sales of coal segment | 396 | - | - | 106 | 140 | -24.30% |
| EBITDA of coal segment | 165 | - | - | 38 | 70 | -45.70% |
| Profit for period of coal segment | 31 | - | - | -6 | 22 | - |
In USD million
1. Concentrate production in 9M 2010 increased by 18%YoY and amounted to 4.3 million tonnes
2. In Q3 2010 Belon decreased coal and concentrate production because of intricate geological conditions and technological arrangements to meet safety requirements with simultaneous change of walls. Coal concentrate output amounted to 1.1 million tonnes in Q3 2010.
3. MMK consumption of Belon coal concentrate declined from 627, 000 tonnes in Q2 2010 to 543,000 tonnes in Q3 2010 or by 14%. Recovery of coal production and supplies volumes to MMK is expected in Q4 2010. Coal segment sales amounted to USD 106 million in Q3 2010.
4. EBITDA equaled USD 38 million with the margin of 36%.
