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ENRC swallows Kazakhstan coal producer for $600 million

Andrew Topf | April 20, 2012
Republic of Kazakhstan

Eurasian Natural Resources Corporation (ENRC) has paid US$600 million for the remaining 75% of Kazakhstan coal producer Shubarkol Komir.

Doubling in profit sees ENRC positive for 2011

Mineweb | March 23, 2011
smelter iron ore mining

Kazakh mining group ENRC (ENRC.L) said underlying profit more than doubled, on record production and demand recovery for its products, and that the global economic outlook is still improving.

Underlying EBITDA jumped 118 percent to $3.19 billion, in line with the consensus, as revenue rose 72 percent to $6.60 billion.