/KASE, February 13, 09/ - Company EURASIAN NATURAL RESOURCES
CORPORATION PLC (London), common shares of which are present in
Kazakhstan Stock Exchange (KASE) official list, provided to KASE the press
release of February 4, 2009 on the following:
Quotation start
London - Eurasian Natural Resources Corporation PLC ('ENRC' or, together with
its subsidiaries, the 'Group'), the holding company of a leading diversified
natural resources group based in Kazakhstan, today announces its Production Report
for the fourth quarter ended 31 December 2008.
In the quarter ended 31 December 2008, the Ferroalloys and Iron Ore Divisions
significantly reduced production volumes as the Group cut back in response to
market conditions and reduced demand that affected the industry. Production
volumes for the Alumina and Aluminium Division increased compared to the
fourth quarter of 2007. Ore grades remained broadly consistent with the
corresponding period.
- Ferroalloys Division (excluding Serov). Production volumes decreased
broadly in line with the previously announced cutback in ferrochrome
production for the ongoing business of the Division of approximately (35%)
for Q4 2008:
- 29.6% for saleable chrome ore;
- 33.3% for manganese concentrate; and;
- 33.9% for total ferroalloys, with low- and medium-carbon ferrochrome
production remaining broadly steady.
Serov added saleable chrome ore production of 23 thousand tonnes and total
ferroalloys production of 39 thousand tonnes. Production was cut back in Serov in
Q4 2008. Tuoli added significant capacity, however, output was suspended in Q4
2008.
- Iron Ore Division. Production volumes decreased broadly in line with the
previously announced cutback for the ongoing businesses of the Division of
approximately (50%) of primary concentrate for Q4 2008:
- 42.0% for iron ore extraction;
- 42.7% for primary concentrate; and
- 41.6% for saleable ore.
There was a change in the saleable mix with an increased proportion of
concentrate. Pellet production declined (45.3%) whilst saleable concentrate
production decreased (37.6%).
- Alumina and Aluminium Division. Production volumes increased:
- 2.3% for saleable alumina; and
- 181.8% for aluminium.
Bauxite extraction decreased slightly, in line with the destocking of material at
the mines. The growth in alumina resulted from the planned expansion in production
to supply the new aluminium smelter which commenced production at the end of
2007. The Division produced 31 thousand tonnes of aluminium, in line with the
Phase 1 run rate capacity of 125 thousand tones per annum.
- Energy Division. Production volumes decreased (2.5%) for coal extracted
and (12.4%) for electricity generated, principally due to reduced internal
demand, however, external sales remained broadly steady.
- Logistics Division. The tonnage of goods transported by railway decreased
(23.6%) as a result of reduced production volumes in the main operating
Divisions.
For detailed information, please contact:
ENRC: Investor Relations
Mounissa Chodieva+44 (0) 20 7389 1879
James S. Johnson+44 (0) 20 7389 1862
Marianna Adams+44 (0) 20 7389 1886
ENRC: Public relations
Julia Kalcheva+44 (0) 20 7389 1861
M: Communications
High Morrison+44 (0) 20 7153 1534
Edward Orlebar+44 (0) 20 7153 1523
Quotation end
Full version of EURASIAN NATURAL RESOURCES CORPORATION PLC press
release is available on KASE website at address
http://www.kase.kz/files/emitters/GB_ENRC/gbenrc_reliz_040209.pdf
[2009-02-13]