Russia’s coking coal group Koks to keep 2011 met coke output at 2010 levels

Russian pig iron and coking coal company Koks Group said that in 2011 it plans to keep its metallurgical coke output at the levels of the previous year, i.e., 2.717 million mt, while its coal mining is planned to reach 1.652 million mt, up 210,000 mt compared to 2010.
 
In addition, Koks said that in 2011 it plans to invest Ruble 600 million (about $20.5 million) in development of its production, including Ruble 352 million (about $12 million) to be directed to its coal assets.
 
In early February this year, Koks decided to postpone its planned Moscow and London initial public offering (IPO) as a result of market conditions.