Eurasian Natural Resources Corporation
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| Private company | |
| Industry | Metals and Mining |
| Founded | 1994 (in its current form from 2006) |
| Headquarters | London, United Kingdom |
| Products |
Ferrochrome Ferroalloys Iron Ore Alumina Aluminium Coal Power Generation Copper Cobalt |
| Revenue | US$ 6,320 million (2012) |
| US$ (374) million (2012) | |
| US$ (852) million (2012) | |
|
Number of employees
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Over 72,000 (2011) |
| Website | www.enrc.com |
Eurasian Natural Resources Corporation PLC (ENRC) (: , : GB_ENRC) is a private, Kazakhstan/Central African-focused,multinational leading diversified natural resources company headquartered in London, United Kingdom. It has activities in integrated mining, processing, energy, logistics and marketing.
ENRC was formed in 1994, listed on the in 2006 delisted after a near six-year spell in November 2013. A secondary listing and subsequent de-listing also took place on the .
ENRC is now fully owned by ERG (Eurasian Resources Group), a private natural resources company headquartered in Luxembourg, Grand Duchy of Luxembourg. It incorporates the assets of former FTSE-100 group, ENRC PLC, which it acquired in November 2013.
The assets of the company were acquired during the mid-1990s as part of the privatization process in Kazakhstan.
The company in its present form was established in 2006 as part of a re-organisation to consolidate a series of businesses into one Group. In its regulatory report ENRC claimed revenues of US$3,256 million for the year ended 31 December 2006 and US$1,856 million for the six months ended 30 June 2007. By then ENRC was "the world's sixth largest iron ore exporter by volume and world's fifth largest supplier of traded alumina by volume.
The company floated around 18% of its equity on the in December 2007.
In December 2009 the Company completed acquisition of the Central African Mining Exploration Company (CAMEC). CAMEC's operations incorporate the assets of copper and cobalt in the Democratic Republic of Congo, the development projects of coal in Mozambique, bauxite in Mali, platinum in Zimbabwe, and fluorspar in South Africa, as well as trucking and logistics business across the African continent. CAMEC's Mukondo Mine may be the richest cobalt reserve in the world. Copper from Mukondo is refined at the Luita plant, with planned capacity of 100,000 tonnes per year of copper cathode. In July 2009 CAMEC announced a long term agreement under which CAMEC would deliver its entire annual production of cobalt in concentrate from Mukondo Mountain to Zhejiang Galico Cobalt & Nickel Materials of China.
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