The second big energy coal company in Russia will increase production
With the high rising price of iron & steel, OAO, the second big energy coal company in Russia will increase its output of coking coal.The annual report of this company published in the internet shows that Kemerovo the boss Iskander Salmon Randolph will increase 12% of the coking coal concentrate of the output, which reaches 3,370,000 Metric ton.
This company shows that they prefer to search the newly efficient exploring method so the output of coal declines from 49,700,000 Metric ton to 47,000,000 Metric ton while the export will increase by 3.4%, i.e. 25,000,000 Metric ton.
This annual report shows that according to the Russia auditing standards, this company has increase 2% sale, reaching to 50.07 billion rupee (about 1.8 billion dollar) with a 7.4billion rupee net income.
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