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27 Mar
16:39

Raspadskaya ramps up output on new long wall

Russian coking coal miner Raspadskaya has ramped up revenue in 2018 by 25% year-on-year to $1.1 billion, hiking profitability from 52.4% in 2017 to 54.3% in 2018, Kallanish learns from the company. The company's profit increased from $319 million in 2017 to $448m in 2018. This was on the back of higher output, which rose 11.4% to a new record of 12.7 million tonnes, higher selling prices and lower capex, which fell from 2017’s $61m to $53m in 2018…
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