Bloomberg reported that OAO Kuzbassrazrezugol, Russia second largest coal producer decreased output 5% last year and plans a 4% cut this year to improve mining efficiency.

Kuzbassrazrezugol produced 47 million tonnes of coal last year including more than 5 million tons of steelmaking coal.

This year, the company plans production of 45 million tons of coal and capital spending of RUB 25 billion.

Siberian Coal Energy Co or SUEK is Russia largest coal producer by output tonnage.

(Sourced from Bloomberg)