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

July 11 (Bloomberg) -- 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

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