Ukrainian Coal Mining Output Up 2.8% yoy In 2006

Ukrainian coal mines increased extraction by 2.8%  or by 2.2 mln mt to 80.3 mln mt in 2006. The traded mines Krasno-Zakhidna (SHCHZ: BUY), up 8.2% yoy to 6.8 mln mt, and Komsomolets Donbasa (SHKD: BUY), up 20.2% yoy to 3.1 mln mt,  both increased production in line with our growth projections of 9% yoy and 15% yoy for 2006 respectively.

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Company                        2006 Output, mln mt   Chng, yoy%

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Pavlogradugol                                       12.2          1.4

Krasno-Zakhidna (SHCHZ: BUY)               6.8          8.2

Krasnodonugol                                        5.7          4.7

Komsomolets Donbasa (SHKD: BUY)         3.1         20.2

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Total                                                      80.3          2.8

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