Sunday, 15 Jan 2012
Reuters reported that Russian coking coal miner Raspadskaya sold 3.74 million tonnes of coking coal concentrate in 2011, 30% less than the previous year 5.35 million tonnes.
Sales recovered in the fourth quarter of the year, when it sold 969,000 tonnes of coking coal concentrate, up from 926,000 tonnes in the third quarter.
Total raw coal production was 6.25 million tonnes for the year down by 13%. For the final quarter, production stood at 1.58 million tonnes compared to 1.21 million tonnes in the July to September period.
The company which was Russia largest coking coal miner until a deadly 2010 mine accident said last month it plans to produce 8.5 million tonnes of coal in 2012.
(Sourced from Reuters)
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