（RTTNews） - Kazakhstan-based mining company Eurasian Natural Resources Corp. Plc （ENRC.L） Thursday reported a significant increase in revenue during the first nine months, due to increased sales volumes for main products, higher prices for most of the group's commodities and the inclusion for all of 2010 of the Other Non-ferrous Division.
The group added that financial performance was underpinned by strong production and sales volumes and a positive pricing environment.
In an interim management statement, the group said it expects to spend approximately US$1.3 billion, including sustaining capital expenditure of about US$0.4 billion for full year 2010. The decrease from previous guidance of US$1.5 billion is due to the timing of certain projects.
In a production report for the third quarter, the group said overall production volumes were higher for Ferroalloys and mostly in line for other divisions with those in the last year.
Ferroalloys and Iron Ore Divisions in Kazakhstan continued to operate at effectively full available capacity. In the Alumina and Aluminium Division there was a further increase in aluminium volumes as the plant operated at its full Phase 2 production capacity for the first time for a full quarter. In the Other Non-ferrous Division, production of copper and cobalt continued to increase. Electricity generation decreased slightly, due to planned maintenance.
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