Raspadskaya lowers coal output fcast
MOSCOW, Sept 24 |
MOSCOW, Sept 24 (Reuters) - Russian coking coal miner Raspadskaya lowered its 2012 coal output guidance to 7 million tonnes from an earlier estimate of 10.5 million tonnes, company CEO said on Friday.
Speaking at a conference call, Gennady Kozovoy said the company, which had planned to produce 13.4 million tonnes of coking coal next year, would also lower its 2013 guidance by 10-15 percent.
The company posted a net loss of $19 million earlier on Friday for the first six months of 2012 on the back of weak domestic demand for coking coal. (Reporting By Andrei Kuzmin, Writing by Alexei Anishchuk)
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