Friday, August 21, 2009

Kuzbassrazrezugol Sales Volumes Down 50% In 2009

Russian coal mining company Kuzbassrazrezugol, a subsidiary of the Russian Ural Mining and Metallurgical Company has issued its operational results for July and for the first seven months of 2009.

By July 2009 Kuzbassrazrezugol had fulfilled its production plan for the month by 101% producing 4.07 million of coal, including 245,900 tonnes of coking coal. Meanwhile, since the beginning of the current year, Kuzbassrazrezugol’s coal output amounted to 25.896 million tonnes down by 9%YoY including 1.354 million tonnes of coking coal down by 57 %YoY.

In January to July 2009, Kuzbassrazrezugol’s deliveries of coking coal amounted to 1.568 million tonnes down by 50.4%YoY compared to the same period last year.

In 2009, Kuzbassrazrezugol plans to produce a total of 46 million tonnes of coal, including 1.998 million tonnes of coking coal.

Source: Steel Guru

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