It is reported that Kazakhstan-based mining group Eurasian Natural Resources Corporation Plc in the H1 of the current year it registered a 79.1%YoY increase in its revenue to USD 3.045 billion while the profit attributable to equity shareholders of the group went up by 63%YoY to USD 902 million.

Accordingly, in H1 2010, ENRC ferroalloys division had revenues of USD 1.394 billion which represented 45.8% of the group consolidated revenue. Meanwhile, ENRC's iron ore division had H1 2010 revenues of USD 864 million which represented 28.4% of consolidated revenue.

The company in a statement said "The increased revenue was driven by higher prices but also by significantly higher sales. Total costs growth reflected higher sales volumes and increased materials, tax, energy, depreciation and labor expenses, adding that its costs will continue rising and weaker economic growth may drag down sales prices in the second half of the year.”