Raspadskaya’s coal output down five percent in Q2 from Q1

Friday, 15 July 2011 12:09:28 (GMT+3)   -  
SteelOrbis News

Raspadskaya Coal Company (Raspadskaya), one of the largest coking coal producers in Russia, has announced that in Q2 this year its raw coal production volume fell by five percent quarter on quarter to 1.68 million mt, mainly as a result of suspended operations due to an accident in one of its mines in the period.
Meanwhile, in Q2, Raspadskaya's coal sales volume fell by 3.43 percent to 904,000 mt, while its sales price rose to $174/mt from $147/mt, both compared to Q1 2011.
Raspadskaya aims to restart part of its main mine in August. The company's CEO Gennady Kozovoy added that it exceeded its budget plan for the first half of the year by eight percent. However, the opening of the second face of the Raspadskaya mine has been delayed to August from a planned second-quarter opening.

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