Sustaining our solid performance
Our effective integrated business model allows SUEK to ensure sustainable results in all market conditions. In 2017, the improved market environment, along with our focus on increased high-quality coal production, enabled us to achieve record operational performance and significantly improve our financial results. While constantly committed to the responsible development of our business, we also continued to pay special attention to health and safety and environmental protection.
WE ACHIEVED A STRONG FINANCIAL PERFORMANCE...
Transfer to higher-capacity longwalls
The transfer to a 400 m wide longwall in the Yalevskogo mine led to a new world production record. This successful pilot will now be transferred to other mines.
...AND INCREASING SALES WITH A FOCUS ON PREMIUM MARKETS
Over $100m investments committed during the Year of Ecology
In 2017, during the Year of Ecology in Russia SUEK concluded agreements with the governments of all regions where we operate, committing to invest over $100m in environmental activities over the next several years.
WE CONTRIBUTED LARGELY TO COMMUNITY DEVELOPMENT
$ 310 m paid in taxes to local, regional and federal budget in 2017 $ 22 m spent on social initiatives in 2017 OUR PRODUCTION RECORDS DID NOT COMPROMISE SAFETY OR THE ENVIRONMENT
Moody’s rating: Ba3 positive
On 27 September 2017, Moody’s Investors Service changed its outlook on SUEK’s credit rating from stable to positive. A Ba3 rating was confirmed.