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ENRC Q1-2012 Ore/Ferroalloy Production
= 755,000 tons of Chrome Ore and 176,000 tons of Manganese Ore =
Results of production by ENRC (Eurasian Natural Resources Corporation PLC) during the Q1 (January - March) of 2012 were released last week. Details by group within the ferroalloys division, i.e. Ore Mining/Processing Group (chrome ore and manganese ore) and Ferroalloy Production Group (ferrochrome, ferro-silico-chrome, silico-manganese and ferrosilicon) are as per the table attached hereto.

1)Ore Mining/Processing Group (including production at Serov and Tuoli)

(i)Production of saleable chrome ore during the Q1 was 755,000 tons, down by 18.5% compared to the same quarter of 2011, including 732,000 tons for captive use at its own ferrochrome plants. The decrease in ore production was due to the drop in ore mined at Donskoy mining/concentrating plant caused by the planned repairing of Molodezhnaya shaft, resulting in less ore extraction by 10.6% from the same quarter of 2011. The shaft reparing work already completed and operation at Molodezhnaya is to be fully normalized within May.

(ii)Production of saleable manganese ore in the Q1 was 176,000 tons, up by 2.3% compared to the same quarter of 2011, including 100,000 tons for captive use. Contrary to chrome ore, volume of ore extracted/processed was higher than in the Q1 of 2011. At Zairem mining/concentrating plant, producing mainly concentrates for export, saleable ore production was 134,000 tons (Mn: 35.6%), up by 11.7% from the Q1 of 2011. At Kazmarganets, supplying ores to Aksu smelting plant, saleable ore production was 42,000 tons (Mn: 42.0%), down by 17.6% from the same quarter of 2011.

2)Ferroalloy Production Group (including production at Serov and Tuoli)

Total production of ferroalloys in the Q1 was 431,000 tons, down by 4.2% compared to Q1 of 2011, including 56,000 tons for captive use, leaving saleable production of 375,000 tons, down by 4.8% from the Q1 of 2011. The decrease in production was resulted mainly from the aftermath of the production stoppage of high-carbon ferrochrome at Tuoli in the Q4 of 2011 and at the furnace No. 63 at Aksu for emergency repair work also in the Q4 of 2011. The small drop in low-carbon ferrochrome production was due to the planned furnace repairs at Aktobe and Serov. Details of the production by alloy are as per the attached table.

3)Cobalt production in the quarter were, <> run-of-mine ore: 338,000 tons, up by 37.4% from the same quarter of 2011, <> saleable cobalt contained: 2,736 tons, down by 2.5% from the same quarter of 2011, <> ore grade: 1.28%. The lower ore grade than the 1.34% of the Q1 of 2011 as well as blackouts in D.R. Congo were the reasons of the output decline.
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last modified : Fri 18 May, 2012 [11:48]
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