Tuesday, 30 Aug 2011 |
It is reported that Coal Energy boosted its total coal production by 181%YoY to 1.63 million tonnes in FY11 ended June 30. Thermal coal output rose by 78%YoY to 794,000 tonnes. Coking coal production reached 267,000 tonnes rising from small volumes in FY10 after CLE gained control of a subsidiary, Novodzerzhynskaya Mine.
Coal output from waste dump processing surged 325%YoY to 568,000 tonnes accounting for 35% of total coal production. Coal Energy reported a 2%MoM increase to 129,000 tonnes in July in owns underground mining and a 10%MoM growth in total sales to 147,000 tonnes.
(Sourced from www.phoenixcapital.ua)
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