Coal Energy company started development of a new shelf at a mine "Svyato-Andreevskaya".

Company Coal Energy S.A. (Luxembourg) started development of the shelf m4/4 at the mine "Svyato-Andreevskaya" (Zhdanovka, Donetsk region). Stocks of shelf are estimated at 15 million tons of coal.

First production from the shelf is planned in April 2012. The project is implemented by subsidiary of Coal Energy - "Eksimenergo TEC".

According to the calculations of Coal Energy, the total coal production at the mine "Svyato-Andreevskaya" in 2012 will make up 81.3 thousand tons, in 2013 - 140 thousand tons.

As was reported previously, Coal Energy plans to invest in the development of the mine "Svyato-Andreevskaya" $5 million raised in July 2011 during the IPO.

Reference: Coal Energy S.A. joins the coal assets of NPO "The Mechanic" (Dzerzhinsk, Donetsk region), in particular, 10 mines producing thermal and coking coal, as well as facilities for its enrichment and reprocessing of coal waste.

By the classification of JORC, the company reserves are estimated at 235.5 million tons of coal, 151.2 million tons of which – are proved.

Mined coal is sold to TPS, chemical recovery and cement plants and municipalities. In addition, the company exports coal to Bulgaria, Slovakia, Moldova and Turkey.

In 2011 fiscal year (from 01.07.10 till 30.06.11) the production amount of coal Coal Energy made up 1628.594 thousand tonnes (2.81 times more than in fiscal year 2010), including: in the mines - 1 060.620 thousand tonnes (2.37 times more), from the dumps - 567,974 thousand tons (4.25 times more). At the same time 793,927 thousand tonnes of thermal coal are produced at the mines (by 78% more), and 266,693 thousand tons of coking coal (in 2010 fiscal year - 0.6 thousand tons).