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Eurasian Natural Q4 Total Ferroalloys Production Down 10%
Edited by : AL CIRCLE
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Eurasian Natural Resources Corporation Plc (ENRC.L: News ), in its fourth-quarter production report, said the Alumina and Aluminium, and Energy units in Kazakhstan operated at effective full available capacity for the quarter, while the Ferroalloys and Iron Ore Divisions operated at below full capacity due to unscheduled equipment repairs. Alumina volumes were higher during the recent quarter than in the 2010 period, owing to the completion of the alumina refinery expansion to targeted capacity of 1.7mtpa in July 2011.
For the 2011 fourth quarter, the Ferroalloys Division produced 360 kt of saleable ferroalloys, down 10.0% from last year. The decrease in total saleable production is comprised of a reduction in high-carbon ferrochrome production as well as a decrease in ferro-silicon and silico-manganese production, the company added.
The Iron Ore division extracted 10,522 kt of iron ore in the fourth quarter, a decrease of 3.3% on the previous year's 10,876 kt, while bauxite extraction was 8.5% higher than the year earlier quarter.
For the 2011 fourth quarter, the Ferroalloys Division produced 360 kt of saleable ferroalloys, down 10.0% from last year. The decrease in total saleable production is comprised of a reduction in high-carbon ferrochrome production as well as a decrease in ferro-silicon and silico-manganese production, the company added.
The Iron Ore division extracted 10,522 kt of iron ore in the fourth quarter, a decrease of 3.3% on the previous year's 10,876 kt, while bauxite extraction was 8.5% higher than the year earlier quarter.
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