ENRC

FAS refuses to allow CHEMK to buy the Serov ferroalloy plant.

The Russian FAS has not granted the petition of the Chelyabinsk electro metallurgical plant to acquire the Serov ferroalloy plant. The negotiations on the sale had continued for about a year.
The press service of FAS Russia states of the refusal to grant CHEMK's petition to acquire the Serov ferroalloy plant, the enterprise of the Kazakh Eurasian Natural Resources Corporation (ENRC). CHEMK is part of Alexander Aristov and Yuri Antipov’s LLC "Ural-Siberian Metallurgical Company" of the Chelyabinsk entrepreneurs and occupies about 70% of the Russian market of ferroalloys. The share of the Serov plant accounts for about 20%.

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In Q3, ENRC remained aluminum production at a rate of 63,000 tons

The Kazakh metallurgy group Eurasian Natural Resources Corporation (ENRC) , of the world largest producers and exporters of ferroalloys, iron ore, alumina and aluminum made 63,000 tons of aluminum, the same as it was within the corresponding period of the previous year. Ferroalloys production increased by 2.3% to 450,000 tons. Ferrochrome production increased by 2.6% to 350,000 tons. Alumina production reduced by 13.3% to 372,000 tons. Iron ore production increased by 1.3% to 10.009 million tons.
Within the period, revenue slightly reduced due to the decline in raw materials prices. The gross volume of available funds was $0.6 billion by the end of the period, and net debt was $6.1 billion.

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New Enhancements to Rusmininfo,full story selector available in Russian

Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
Best Regards
Rhod Mackenzie
Managing Director

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In Q2, ENRC increased aluminum production by 1.6% to 63,000 tons

In Q2, the Eurasian Natural Resources Corporation, ENRC increased aluminum production by 1.6% to 63,000 tons. The company is one of the global leaders in production and exporting of ferroalloys, iron ore, alumina and aluminum. Within the period, it increased production of ferroalloys by 0.5% to 437,000 tons, ferrochrome by 4% to 342,000 tons, alumina by 8.5% to 408,000 tons, and iron ore by 9.9% to 10.874 million tons.

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Glencore and ENRC are interested in Mechel’s assets in Kazakhstan

Glencore International Plc studies the purchase of the ferroalloys assets in Kazakhstan belonging to Mechel OJSC. Glencore is mainly interested in the Kazakh assets of Mechel. Mechel is trying to sell the assets for which ENRC also intends. Now the assets of Mechel in Kazakhstan are the Shevchenkovsky nickel deposit and the chromite ore deposit “Voskhod”. Mechel, the largest steelmaking coal producer in Russia, plans to sell the assets in Russia, Kazakhstan and the Eastern Europe. The company does it to reduce the $9.3 bln of the net debt after the price fall for raw materials. The purchase of Mechel’s assets will allow Glencore to expand the production of ferroalloys after the purchase of Vale SA last year. ENRC already produces ferroalloys in Kazakhstan.

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Mashkevich denies rumours on the planned sale of share in ENRC and rupture between partners

One of the founders of the Kazakhstan metallurgical groups Eurasian Natural Resources Corporation (ENRC), A.Mashkevich has denied rumours on a so-called scheduled deal on the sale of his share in the company to the world largest raw material trader Glencore International AG (Switzerland). Read more »

Glencore to become ENRC shareholder?

The largest raw materials trader in the world Glencore International (Switzerland) is going to purchase 14.59% of Eurasian Natural Resources Corporation (ENRC,Kazakhstan) shares from one of the company’s founders Alexander Mashkevich, IzRus Israel portal reports with reference to a Kazakh official. Read more »

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