Coal Energy coal production drops in November

Coal Energy coal production drops in November



17 грудня 2013 года
Конкорд Капитал

Coal Energy (CLE)


Coal Energy’s total coal production in November dropped 3.4% m/m to 66 kt. The output decline was driven by lower mining in both the thermal and coking coal segments, by 4.4% m/m and 8.8% m/m respectively, while coal production from waste recovery increased 5.6% to 12.2 kt. If compared to November 2012, total coal production declined 58% yoy, caused by an underground mining plunge of 64% yoy, and somewhat counterbalanced by an increase in coal production from waste by 56% yoy.



In other news, four miners were killed in an accident at Coal Energy’s Sviato-Pokrovska mine on Dec. 16. A methane mixture exploded in the mine at a depth of 320m, according to the preliminary results of the investigation. The mine is considered to be low-methane (below 5 cm of methane per ton of coal). The Sviato-Porkrovska mine, which will be temporarily closed, is among ten mining assets of Coal Energy, which provided 1% of the company’s underground coal mining during 1QFY14.

Источник: Конкорд Капитал

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