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MMK update for mining segment for 2010
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Monday, 31 Jan 2011
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MMK has updates its mining segment result
Coal

ProductionQ4 '10Q3 '10Change20102009Change
Coking coal1 31982261%4 6444 05615%
Mined1 18174758%4 2073 63216%
Purchased1387584%4374243%
Coking coal concentrate84252560%2 9602 46020%
Steam coal72062815%3 2012 43532%
Mined72062815%3 2012 43232%
Purchased00-03-
Steam coal concentrate5495294%2 4912 01923%


In '000 tonnes

1. Productions of coking coal concentrate amounted to 842,000 tonnes in Q4 2010 which is 60% higher QoQ. Overall productions of coking coal concentrate amounted to 2,960,000 tonnes in 2010 which is 20% higher compared to 2009.

2. Production of steam coal concentrate amounted to 549,000 tonnes in Q4 2010 which is 4% higher QoQ.

At present Belon is one of the key suppliers of Zh-grade coals in the Russian market. The company increased its share in the Russian market in 2010 to 10% from 8% in 2009. MMK intends to complete sale of the steam coal production business at Belon within the strategy of MMK to dispose of non-core assets.

Iron ore

ProductionQ4 '10Q3 '10Change20102009Change
Iron ore1 2181 1773%4 6803 98218%
MMK iron ore base at Bakal344353-3%1 421688107%
MMK iron ore base in Magnitogorsk3723545%1 4911 4414%
Slag processing5014707%1 7671 854-5%


In '000 tonnes

1. Supplies of captive iron ore from MMK subsidiary Bakal amounted to 1,421,000 tonnes in 2010 which is 107% higher YoY.

2. Production of iron ore at MMK base in Magnitogorsk grew to 1,491,000 tonnes which is 4% higher YoY.

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