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ENRC copper and cobalt output up by 40pct
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Saturday, 12 Nov 2011
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Eurasian Natural Resources Corporation's copper and cobalt production rose by 40% and 27% respectively in the Q3.

The company said that production has been maintained at effective full available capacity across all of its principal commodities. The revenues had risen significantly driven by higher prices for its main commodities and increased sales volumes. But the overall financial performance was partially offset by expected cost inflation.

It said that its financial position remained strong with gross available funds of USD 1.2 billion and total debt of USD 1.5 billion. Its organic growth program remained on track.

(Sourced from StockMarketWire.com)

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