/KASE, August 14, 12/ - EURASIAN NATURAL RESOURCES CORPORATION PLC (London),
whose common shares are officially listed at Kazakhstan Stock Exchange (KASE),
has provided KASE with the following press-release of August 1, 2012:
quote
The information in this Production Report, unless stated otherwise, relates to the
three months ended 30 June 2012, and is compared to the corresponding three
month period of 2011.
Production levels in the Ferroalloys Division were slightly above the previous
quarter yet operated slightly below their full available capacity. The Iron Ore
Division operated at below full available capacity. This was due to a temporary
decline in ore quality as well as repairs to our own railways, which resulted in
lower volumes of ore available for processing. The Alumina and Aluminium
Division operated at full available capacity for aluminium production and below
full available capacity for alumina production due to processing problems at the
refinery in Q1 2012. In the Other Non-ferrous Division, copper contained
production showed strong growth against the corresponding period of 2011, while
cobalt contained volumes decreased in the same period. The Energy Division
operated at full available capacity for the quarter.
- Ferroalloys Division. Total saleable production of ferroalloy products was
slightly above the previous quarter but decreased 1.3% versus Q2 2011,
mainly due to a 3.6% decrease in high carbon ferrochrome production.
Ferrosilicochrome and silicomanganese production increased by 26.7% and
4.4% respectively, while the production of medium- and low-carbon
ferrochrome and saleable ferrosilicon remained stable.
- Iron Ore Division. Iron ore extraction and primary concentrate production
decreased by 6.8% and 13.5%, respectively, against the comparable period.
The total volume of saleable product decreased 12.3% against Q2 2011.
- Alumina and Aluminium Division. Bauxite extraction decreased 3.2% and
alumina production decreased 8.1% against Q2 2011 as a consequence of
processing problems at the alumina refinery in Q1 2012. Alumina production
returned to full capacity in June. Aluminium production was in line with Q2
2011.
- Other Non-ferrous Division. Production of saleable copper in Q2 2012 was
8,505 t, a 15.5% increase versus Q2 2011. At 2,490 t, saleable cobalt
production was 1.9% below Q2 2011.
- Energy Division. Coal extraction by EEC increased 0.7% compared to Q2
2011. Electricity generation increased 3.6% and sales to third-parties increased
35.9% compared with Q2 2011. Shubarkol volumes reported for the first time
on a consolidated basis (since May 1, 2012): coal extraction volumes of 927 kt
and special coke production of 34 kt.
- Logistics Division. The volume of goods transported by rail decreased by
10.0% compared to Q2 2011 due mainly to coal volumes to Russia being
transported by customers using their own railcars. The proportion of volumes
attributable to third parties decreased by 4.6 percentage points compared with
Q2 2011.
unquote
The full press-release is available on KASE website, at
http://www.kase.kz/files/emitters/GB_ENRC/gbenrc_reliz_010812.pdf
[2012-08-14]