Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from Yuri Vlasov with Renaissance Capital. Please go ahead.
Yuri Vlasov - Renaissance Capital
[Translated]. So I'll translate for our English speaking audiences. First question was on the Yakutugol and its volumes and trends of mining for nearly three years and how much of it will be sold in the Russian markets? Second question was about internal consumption of our mining products? And third question, of possible trends of IPO in the mining segments? Thank you. We will answer the questions in the row. Mr. Zyuzin will answer this question
Igor Zyuzin
Okay, I'll translate. So The Yakutugol trends for mining, we are trying to increase the mining output of Yakutugol operations from current, slightly more than 10 million tonnes of coal per year to a maximum of 15 million tonnes of coal per year. And next year, 2008, we will increase production by 1 million or 1.5 million tonnes of coal per year and these levels of production of up to 15 million tonnes per year will be maintained till the depletion of the reserves there.
So as far as the markets are concerned for the equity in coal, current portfolio of about 50% export, 50% domestic sales plus/minus 10% we see as an optimal one at present. But, of course, we may shift it somewhat if we see higher prices for coking coal domestically available, sell more coking coal domestically. And we currently see higher prices for the steam coal, so if we could do well on the export markets then, of course, we will export them. So we'll continue to maintain this operational level. And now the second question of internal consumption of our mining products. Mr. Polin will answer that.
Vladimir Polin
So, as for internal consumption of our mining products, during the first nine months of 2007 we shipped about 2.7 million tonnes of coking coal to our coal production facilities at Chelyabinsk at Moscow Coke and Gas Plant. We shipped roughly the same amount, 2.7 million tonnes of iron ore concentrate to our Chelyabinsk Metallurgical Plant and as for steam coal, taken into account the acquisitions of Southern Kuzbass Power Plant, total in nine months we have shipped about 400,000 tonnes of steam coal to our generating facilities. And now to the third question about mining segments. Zyuzin will answer the third question.
Igor Zyuzin
So we are currently studying the possibilities of doing a separate IPO of our mining segment, but we are not excluding such possibility, but no final decision has been made. So we are just having the -- what, how can we do that.
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