October 4, 2010 / 2:55 PM / 8 years ago

UPDATE 1-Western Coal Q2 output up 90 pct; raises FY11 target

* Q2 production 1.5 mln tonnes

Oct 4 (Reuters) - Western Coal Corp WTN.TO on Monday said second-quarter production jumped about 90 percent, and the Canadian miner also raised its production outlook for fiscal year 2011.

For the June-September quarter, coal production was 1.5 million tonnes compared with 805,000 tonnes a year ago.

The company, which competes with Grande Cache Coal Corp GCE.TO, now sees full-year production at 6.1 million tonnes, up from its prior target of 6.0 million tonnes. The company, which has mines in Canada, the United States and Britain, said its performance will be further bolstered by the addition of new equipment.

Shares of Vancouver-based Western Coal were down 5 Canadian cents at C$6.13 Monday morning on the Toronto Stock Exchange. They have risen 23 percent since Sept. 13, when the company had forecast a record 2011 output. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Roshni Menon)

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