Brief: Coal Energy management decides to sell mine

Coal Energy SA

01/07/2016 13:30

July 1 (Reuters) - Coal Energy SA  CLEP.WA : 
    * In order to minimize losses and under absence of economic 
feasibility to maintain further operations, management decides 
to sell LLC Donbasuglerazrabotka (St. Vasiliya Velikogo mine) 
    * Management expects the sale to reduce relevant losses 
connected with idled mining capacities 
 
Source text for Eikon:  ID:nEM0148977  
Further company coverage:  CLEP.WA  
 
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