Kazakhamys hit with impairment charge on ENRC holding

Kazakh copper miner Kazakhamys was hit with a 2.2bn dollar impairment charge on its holding in ENRC, the group's audited results for the year ended December 31st have shown.

Kazakh copper miner Kazakhamys was hit with a 2.2bn dollar impairment charge on its holding in ENRC, the group's audited results for the year ended December 31st have shown.

The group said that ENRC - a diversified natural resources group in which it holds a 26% stake - experienced sharp declines in pricing for its major products, iron ore and ferrochrome in 2012.

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