Bloomberg News

Raspadskaya Extends Longest Winning Streak in Year on Exports

October 28, 2011

Oct. 28 (Bloomberg) -- OAO Raspadskaya climbed for a sixth day, extending its longest winning streak in almost a year, after the Russian coal producer said it will renew exports this month.

The shares rose 2.1 percent to 105.90 rubles as of 12:52 p.m. in Moscow, the longest string of advances since the eight days ended Nov. 29, 2010, data compiled by Bloomberg show.

The company halted coal exports last year after deadly blasts at its flagship mine in May 2010 reduced output.

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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