Raspadskaya May Miss 2011 Output Target by 24%, Kommersant Says

Bloomberg reported that OAO Raspadskaya (RTD:RASP) may not reach its coal production target for 2011.

As quoted in the market news:

Raspadskaya produced 400,000 tons of coal a month in July and August versus average 576,000 tons a month in the first half, the Moscow-based newspaper said, citing Metal-Courier data. The company will probably miss its full-year output target of 8.5 million tons, according to the newspaper.

Click here to read the entire Bloomberg report.