Raspadskaya planning capex of $200 mln in 2013
MOSCOW. April 1 (Interfax) - Raspadskaya , a Russian coking coal miner controlled by steelmaker Evraz, estimates that its investment program for 2013 will amount to $20 per tonne of coal mined, the company's deputy CEO for strategic planning, Alexander Andreyev said in a conference call.
Based on the company's production forecast for this year of about 10 million tonnes, capital expenditures could total about $200 million.
Last year the group's investment program totalled $83 million or $12 per tonne, which was down from $24 per tonne in 2011.
In the medium term, the company expects capex to be in the range of $12-$15 per tonne.
The Raspadskaya group includes Russia's biggest coking coal mine Raspadskaya, the MUK-96 deep mine, Raspadsky Razrez open-pit mine, the Raspadskaya-Koksovaya mine currently under construction, an enrichment plant and infrastructure units.
The Raspadskaya mine was rocked by several explosions in May 2010 that killed 91 people. The company has resumed mining in some sections not affected by the disaster, but fires continue to smolder in isolated mine workings.
Evraz owns 82% of Raspadskaya shares, and the free float on the Moscow Exchange is 18%.