Wednesday, February 3, 2010

ENRC Reports Increased Output

Kazakh miner Eurasian Natural Resources Corp. PLC said on Wednesday that Q4 ferroalloys production was up 55% from a year earlier. Output rose to 448,000 metric tons, up from 290,000 tons a year earlier.

ENRC also produced 984,000 tons of saleable chrome ore in the three months to Dec. 31, compared with 704,000 tons during the same period a year earlier while the company’s iron division mined 10.6 million tons of ore, a rise of 74% from 6.11 million tons a year earlier.

Aluminium output was 36,000 tons for the quarter, a rise of 16% from the 31,000 tons produced a year earlier.

The company said late last year that it expects 2010's full-year output at its core ferrochrome and iron ore operations to match 2008 levels. Almost a third of its production capacity was idled for much of 2009.