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. Last Updated: 07/27/2016

Mine to Resume Shipments in July

Yuzhkuzbassugol will cut coal supplies to some customers by 5 percent to 10 percent until the middle of the year after the explosion at its Ulyanovskaya mine that killed at least 108 people this week, the company said Thursday.

Normal operations at the mine would resume from July 1 and the financial loss from Russia's worst mining disaster since the fall of the Soviet Union would total no more than 720 million rubles ($28 million), the company said in a statement.

"The accident will not have a critical impact on the company's financial position," said Yuzhkuzbassugol, the country's largest underground coal miner and producer of coking coal used in the steel industry. Yuzhkuzbassugol is owned 50 percent by its management, which has operational control, and 50 percent by Evraz Group.

Yuzhkuzbassugol's financial director, Yury Kushnaryov, said supplies to Evraz mills would not be cut as a result of the disaster.