19 Jul 2013 12:32
19 July 2013
Eurasian Natural Resources Corporation PLC
Legal claim against Sir Paul Judge
London - Eurasian Natural Resources Corporation PLC ('ENRC' or 'the Group') has today filed a legal claim in the High Court against Sir Paul Judge, a former Non-executive Director of the Group. The claim seeks damages as well as injunctive orders against Sir Paul Judge for breach of fiduciary duty to ENRC, relating to the disclosure of confidential information to the media and for the return of all confidential documentation in his possession.
Gerhard Ammann, Chairman of ENRC said: "We have conducted thorough investigations into the malicious leaks which have damaged the Company, its reputation and ultimately shareholder value. Whilst these investigations continue, the Company has an obligation to bring legal action where appropriate in order to protect the Company's information and stakeholders' interests."
-ENDS-
For further information, please contact:
ENRC: Investor Relations | |
Mounissa Chodieva | +44 (0) 20 7389 1879 |
Charles Pemberton | +44 (0) 20 7104 4015 |
About ENRC
ENRC is a leading diversified natural resources group, performing integrated mining, processing, energy, logistics and marketing operations. The operations comprise: the mining and processing of chrome, manganese and iron ore; the smelting of ferroalloys; the production of iron ore concentrate and pellet; the mining and processing of bauxite for the extraction of alumina and the production of aluminium; the production of copper and cobalt; coal extraction and electricity generation; and the transportation and sales of the Group's products. The Group's production assets are largely located in the Republic of Kazakhstan; other assets, notably the Other Non-ferrous Division, are mainly located in Africa; the Group also has iron ore assets in Brazil. In 2012 the Group's entities employed on average 78,484 (2011: 77,441) people. The Group currently sells the majority of its products to Russia, China, Japan, Western Europe and the United States. For the twelve months ended December 31 2012, the Group had revenue of US$6,320 million (2011: US$7,705 million) and profit attributable to equity holders of the Company of US$(804) million (2011: US$1,974 million). ENRC has six operating Divisions: Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy and Logistics. ENRC is a UK company with its registered office in London. ENRC's shares are quoted on the London Stock Exchange ('LSE') and the Kazakhstan Stock Exchange ('KASE'). For more information on ENRC visit the Group's website at www.enrc.com.