18 October 2011
Sadovaya Group (WSE: SGR PW, N/R) raised its output of coal from its mines by 68.3% y-o-y to 25,349 mt in September, the company reported in a production update yesterday. Output from its Savodaya mine increased 144.3% y-o-y in September and was flat in m-o-m terms at 23,940 mt. Sadovaya said its volume of coal sales decreased 17.6% y-o-y, but was up 17.5% m-o-m to 110,608 mt during the month.