Public Joint Stock Company Kuzbasskaya Toplivnaya Company Reports Operating Results for the Fourth Quarter and Full Year of 2017
Public Joint Stock Company Kuzbasskaya Toplivnaya Company reported operating results for the fourth quarter and full year of 2017. For the quarter, the company produced 3.80 million tonnes of coal, a 22% increase over the year-ago period. The volume of commercial products grew by 21%, reaching 3.27 million tonnes.Coal processing remained rose by 27%, and amounted to 2.68 million tonnes, which is 6% more than in the third quarter of 2017. Total coal washing went down by 3% compared to the 2016 indicator, to 0.99 million tonnes, of which 78% belongs to the Kaskad2 washing plant.Coal-sorting volume went up by 55% compared to the year-ago level and by 8% to the third quarter of 2017, and amounted to 1.69million tonnes. The volume of blasted rock mass was 11.15 million cbm, an increase of 16% for the quarter and 26% more compared to the year-ago period. Fourth Quarter 2017 Key Commercial Results In the fourth quarter sales grew by 18% versus the volume of the previous quarter, reaching 3.73 million tonnes of coal.
For the full year 2017 the Company produced 13.23 million tonnes of coal, which is 13% more than in 2016. Commercial product volume in 2017 stood at 11.44 million tonnes, an increase of 13% in yearly terms. Coal processing amounted to 9.70 million tonnes, 10% more than in 2016. Total coal washing fell by 3% to 4 million tonnes.