MOSCOW Aug 2 Indebted Russian miner Mechel
said on Friday second-quarter coal production
rose 9 percent quarter-on-quarter to 7 million tonnes.
The firm, one of Russia's top producers of coking coal, said
sales of the steelmaking ingredient were down 8 percent
year-on-year in the first half of 2013 partly due to flagging
"The 8 percent decrease in overall coking coal sales...was
due to our revision of production plans for Mechel North America
(Mechel Bluestone) as prices on our key markets decreased,"
Chief Executive Evgeny Mikhel said in a statement.
Mechel, which has put non-core assets up for sale to service
its debt of over $9 billion, said last week it had received
several approaches for the U.S. coal business.
The firm said second-quarter steel production fell 4 percent
quarter-on-quarter to 1.2 million tonnes, but said the launch of
a new 1.1 million tonne capacity mill in July would have a
positive impact on Mechel's results this year.
(Reporting by Alessandra Prentice; Editing by Katya Golubkova)