CORRECT: Russia’s Raspadskaya to cut capex 8% to $33 mln in 2016
(Corrects that Raspadskaya plans to cut capex by 8%, not to raise it by 19%, and its capex for 2016 is estimated at $33 million, not $43 million)
MOSCOW, Aug 30 (PRIME) -- Russian coal producer Raspadskaya plans to cut its capital expenditures by 8% on the year to U.S. $33 million in 2016, CEO Sergei Stepanov said Tuesday during a conference call.
“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 tonnes this year.
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30.08.2016 17:13