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Coal Energy increases output 2% mom in November

Coal Energy increases output 2% mom in November

13 December 2011

Coal Energy (CLE PW) increased coal output 2.1% mom to 150,185 t in November, including 132,683 t from underground mining (+2.4% mom). On a yoy basis, output grew 49.5% in November and by an estimated 59% in 5M of FY2012. The company also reported that it started construction of waste dump processing facility Snezhnianskaya 2, which is planned to be commissioned in May 2012.

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