Russian coal producer Raspadskaya plans to cut its capital expenditures by 8% YoY, $33 million in 2016, CEO Sergei Stepanov said.
“The guidance for capex this year – on the whole, we expect $33 million, we will discuss capex for the next year at the end of this year”, he said.
Stepanov also said the company planned to keep its coal output flat at 10 million tons this year. (Prime/Ukrainian metal)