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LONDON, Aug 7 (Reuters) - Kazakh miner ENRC said its ferroalloys division saw output tick higher in the second quarter, while iron ore reported its best three months in three years after a weather-hit start to 2013. The London-listed miner said production of saleable ferroalloys for the qua
Read moreLONDON, Aug 7 (Reuters) - Kazakh mining group ENRC reported an increase in second-quarter output from its key ferroalloys division, while the iron ore unit on Wednesday reported its best quarter in three years, after a weather-hit start to 2013. The London-listed miner said production of s
Read moreLONDON, Aug 2 (Reuters) - Minority shareholders in mining group Kazakhmys, the largest single investor in ENRC , voted on Friday in favour of a $4.6 billion buyout of its troubled rival, paving the way for the group's founders to take it private. Almost 99 percent of Kazakhmys voting shareh
Read moreLONDON, Aug 2 (Reuters) - Copper miner Kazakhmys paved the way on Friday for a $4.6 billion buyout of Kazakh rival ENRC, in which it is the single largest investor, as almost 99 percent of voting shareholders backed the deal. Kazakhmys support is key for ENRC's founding trio, who, together
Read moreLONDON, Aug 1 (Reuters) - Kazakh miner ENRC on Thursday dismissed as "unfounded" what it said were efforts by an anti-corruption pressure group to block a buyout bid by its founders, citing allegations one of the company's subsidiaries breached sanctions against Zimbabwe. The mining company
Read moreLONDON, Aug 1 (Reuters) - Kazakh miner ENRC on Thursday dismissed as "unfounded" efforts by an anti-corruption pressure group to block a buyout bid by its founders, citing allegations one of the company's subsidiaries breached sanctions against Zimbabwe. RAID, which promotes responsible con
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Kazakh-focused miner Eurasian Natural Resources Corporation has strongly denied allegations that a business it acquired had previously breached sanctions against Zimbabwe. RAID, a non-governmental organisation focused on human rights in the developing world, has called for an investigation into a Z
Read moreMarkets edged higher on Tuesday morning as traders reacted to a barrage of corporate earnings and data which showed that German consumers were at their most optimistic in six years. The GfK's forward-looking consumer confidence survey for Germany rose from 6.8 to 7.0 in August, its highest levels s
Read moreWorse-than-expected economic data from the US saw markets across Europe erase their earlier gains on Tuesday, as the FTSE 100 fell into the red despite a strong performance in the mining sector.. Home prices in the States continued to increase in May but at a worse-than-expected rate: the Federal H
Read moreStocks in the mining sectors were shrugging off falls in metals prices on Tuesday with share prices surging as markets focused on upbeat comments from government officials in China, a huge importer of raw materials. Chinese Premier Li Keqiang is reported to have stood by the government target for e
Read moreMining stocks were among the best performing stocks on Tuesday as concerns over a 'hard landing' in China were eased by comments from the Premier and his second in command. Chinese Premier Li Keqiang is reported to have stood by the government target for economic growth of 7.5% in 2013 and assured
Read moreA well-received trading update from Sage Group and strong gains in the mining sector lifted the FTSE 100 into positive territory on Tuesday morning, with sentiment lifted by reassuring comments about Chinese economic growth. Chinese Premier Li Keqiang is reported to have stood by the government ta
Read moreFading hopes of a 'hard landing' in China lifted stocks in the heavyweight mining sector on Tuesday, meaning that the FTSE 100 opened with solid gains early on. Chinese Premier Li Keqiang assured that economic growth would not fall below the bottom line this year of 7.0%. He called for the governme
Read moreLONDON, July 22 (Reuters) - Former ENRC board member Paul Judge has vowed to defend himself "vigorously" after the Kazakh miner filed a legal claim against him in connection with what it said were leaks of confidential information to the media. "I intend to defend this claim vigorously and
Read moreEurasian Natural Resources Corp (ENRC) is suing former non-executive director Sir Paul Judge for allegedly leaking confidential information during infighting on the board. The miner said it had filed a legal claim in the High Court against Judge. The claim seeks damages and injunctions against him
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