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Siberian Anthracite Continues Investing in Development of Key Deposits

May 4, 2012

4 May 2012, Moscow – JSC Siberian Anthracite, one of the world’s leading producers of ultra high grade (UHG) anthracite, today provides an update on its investment programme in Q1 2012.

The company has commissioned a number of facilities and purchased new mining equipment as part of its development of the Severny and Krutikhinsky areas of the Kolyvansky deposit.

Specifically, the company has commissioned an administrative complex, a dining room, an individual heating unit, a fire-fighting and water-pumping station, treatment facilities for domestic and drinking water, and a boiler room. The deposit is located in the Iskitim district of Novosibirsk region.

The company has also agreed to buy new transport equipment including two Hyundai loaders, an EC-400 excavator with an extended boom, four Scania trucks, two bulldozers, a Caterpillar D10, and a Caterpillar 834H wheel dozer, and has commissioned a 130-ton BELAZ dump truck.

«New infrastructure in the areas we are currently developing at the Kolyvansky deposit will help us to provide a pleasant and safe working environment, while modern transport equipment will make life significantly easier for our staff and increase efficiency,» said Sergei Korolev, Siberian Anthracite’s Director of Development.

Siberian Anthracite’s development programme invests in equipment, construction, development of transport infrastructure and social projects to significantly increase the volumes of anthracite coal that it mines and processes.

Media contacts

Maria Grigoreva Head of Public Relations +7 495 956 35 33 MGrigoreva@sibanthracite.ru

Elena Shuliveystrova M:Communications +7 495 363 2840 Shuliveystrova@mcomgroup.com

About Siberian Anthracite

JSC Siberian Anthracite is one of the world’s leading producers of ultra high grade (UHG) anthracite. The company carries out open-pit mining at deposits in the Gorlovsky coal basin in the Novosibirsk region of western Siberia. In late 2006 Siberian Anthracite launched a 10-year investment programme to create a world-leading UHG anthracite mining and processing facility. To date, the company has upgraded and constructed extraction, processing and transport infrastructure, and substantially overhauled and expanded its fleet of mining equipment and machinery. Run-of-mine anthracite volumes have almost tripled since 2009, reaching 3.4 million tonnes in 2011. www.sibanthracite.ru