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As of 10:45 AM 06/21/14 All times are local (Market data is delayed by at least 15 minutes).

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raspadskaya (RASP) Details

OAO Raspadskaya, together with its subsidiaries, is engaged in the mining, processing, and trading of coking coal. The company holds interests in the Raspadskaya underground mine; MUK-96 underground mine; Razrez Raspadsky open-pit mine; Raspadskaya-Koksovaya underground mine; and OF Raspadskaya, a preparation plant. It also provides transport-handling and other services; and is engaged in the service and infrastructure businesses. OAO Raspadskaya supplies its products to smelters in Russia, as well as exports to Ukraine, Romania, Hungary, and Bulgaria. The company was founded in 1973 and is based in Mezhdurechensk, the Russian Federation. OAO Raspadskaya is a subsidiary of Corber Enterprises Limited.

8,286 Employees
Last Reported Date: 08/21/14
Founded in 1973

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raspadskaya (RASP) Key Developments

OAO Raspadskaya Reports Production Results for the Third Quarter and Nine Months of 2014

OAO Raspadskaya reported production results for the third quarter and nine months of 2014. For he quarter, the company reported reduced coal production 4% quarter-on-quarter in third quarter of 2014 to 2.46 million tonnes. The company reported that production volume was higher due to successful implementation of the plan to increase the production at Raspadakaya mine's 4-9-23 longwall. The production at 4-9-23 longwall was carried out with high efficiency. Coal concentrate sales fell 8% to 1.53 million tonnes due to a decrease in raw coal production. For the nine months, coal overal raw coal production amounted to 6.9 mt, 15% higher than in nine months of 2013, mostly due to the launch of the three new longwalls at the Raspadskaya mine.

OAO Raspadskaya Provides Earnings Guidance for the Fourth Quarter of 2014

OAO Raspadskaya provided earnings guidance for the fourth quarter of 2014. The company expecting to see better financial results starting in the fourth quarter of 2014. This specifically concerns reporting positive earnings before taxes, depreciation, and amortization (EBITDA) and a positive free cash flow.

OAO Raspadskaya Announces Consolidated Earnings Results for the First Half Ended June 30, 2014; Provides Capital Expenditure Guidance for Second Half and Full Year of 2014

OAO Raspadskaya announced consolidated earnings results for the first half ended June 30, 2014. The company's IFRS net profit edges down to $67.4 million compared with net loss of $67.7 million a year ago. Revenue fell 18.5% to $241.2 million. The operating loss rose to $64.2 million from $61 million and the pretax loss to $83.4 million from $81.5 million. CapEx for the first half of 2014 is $33 million. In the second half of 2014, the company is planning to spend its CapEx in the open cut. The total CapEx for the year 2014 is $70 million.


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Southern Kuzbass Coal Co 612.00 RUB +22.00
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