Raspadskaya Coal Company (Raspadskaya), one of the largest coking coal producers in Russia, has lowered its 2012 coal output guidance to 7 million mt from an earlier estimate of 10.5 million mt, as informed by the company's CEO Gennady Kozovoy. The company also lowered its 2013 coking coal guidance by 10-15 percent compared to an earlier estimate of 13.4 million mt.
As SteelOrbis previously reported, according to its consolidated IFRS (International Financial Reporting Standards) financial results for the first half of 2012, Raspadskaya posted a net loss of $19 million in the given period, compared to a net profit of $99 million in the same period of the previous year.