Raspadskaya Climbs 3rd Day as 2nd-Quarter Coal Output Rises 16%

OAO Raspadskaya climbed for a third day as the Russian coal producer said output rose 16 percent in the second quarter from the first.

Raspadskaya added 0.9 percent to 86.80 rubles by 4:48 p.m. in Moscow. The Micex Index fell 1.4 percent to 1,402.38.

Production increased to 1.84 million tons in the period, the company said in a statement today. Sales were up 14 percent at 1.07 million tons, according to the statement.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net; Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net;

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.