ENRC scraps divi after recording a loss in 2012

Eurasian Natural Resources Corporation, or ENRC, labelled 2012 as a 'challenging year' as a swing into the red led to the miner scrapping its final dividend.

Eurasian Natural Resources Corporation, or ENRC, labelled 2012 as a 'challenging year' as a swing into the red led to the miner scrapping its final dividend.

The resources giant recorded a loss before tax of $550m, down from a profit of $2.76bn the year before, as it took impairment charges and an onerous contract provision totalling $1.54bn.

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