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Russia's Raspadskaya net loss widens in 2013

Reuters - UK Focus

MOSCOW, March 26 (Reuters) - Russian coking coal miner Raspadskaya (MCX: RASP.ME - news) reported on Friday a 2012 net loss of around $126 million compared with a loss of $29.5 million the previous year.

The company, controlled by steelmaker Evraz (Other OTC: EVRZF - news) , said the loss widened because of lower domestic sales volumes and a higher share of exports in a weakening market as well as a halt of operations at its main mine in May-July 2013. (Reporting by Maria Kiselyova; Editing by Megan Davies)