| | KOMISJA NADZORU FINANSOWEGO | |
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| | | Raport bieżący nr | 15 | / | 2011 | | | |
| | Data sporzÄ…dzenia: | 2011-05-20 | | | | | | | | |
| | Skrócona nazwa emitenta | | | | | | | |
| | SADOVAYA GROUP S.A. | |
| | Temat | | | | | | | | | | |
| | APRIL 2011 PRODUCTION UPDATE | |
| | Podstawa prawna | | | | | | | |
| | Inne uregulowania
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| | Treść raportu: | | | | | | | | | |
| | 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 April 2011:
• Production of coal at mines increased 4.3% year to year
• Coal sales increased 39.2% year to year and 3.8% month to month
For detailed information about production please see attached file.
In April 2011 for geological reasons the production at one of the 2 operating longwalls of Rassvet-1 mine was temporary discontinued. The management is evaluating the new mining conditions and will be shortly informing whether the production at this longwall will be restored or the efforts will be shifted to an alternative mining site. Following due analysis the management will issue an update to the 2011 production plan to reflect temporary stop in production at one of Rassvet-1 longwalls and measures to be taken to maintain the targets of the current annual production plan.
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.
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+0,17% +0,74gr
-0,30% -1,19gr
