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Sadovaya Group sees 2% fall in coal extraction in June, coal sales 48.3% down

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July 20, 2012, 1:51 p.m. | Business — by Interfax-Ukraine

Sadovaya Group, a large private steam coal producer in Ukraine, in June 2012 cut coal production by 2% compared to 2011, to 38,250 tonnes, reads a company report issued on the Warsaw Stock Exchange (WSE).
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Sadovaya Group, a large private steam coal producer in Ukraine, in June 2012 cut coal production by 2% compared to 2011, to 38,250 tonnes, reads a company report issued on the Warsaw Stock Exchange (WSE).

The report says that coal sales over the period fell by 48.3%, to 47,360 tonnes.

Extraction at the Sadovaya mine grew by 5.7%, to 21,210 tonnes, while at the Rassvet-1 mine it fell by 10.1%, to 17,040 tonnes.

Sadovaya Group did not produce coal from mining waste in July, while in June it produced 5,335 tonnes.

Sadovaya Group said the fall in coal extraction and sales was due to a temporary decrease in demand for coal.

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