Kazakhstan-focused miner, Eurasian Natural Resources (ENRC), expects production to be at full available capacity across all divisions in 2012, with increased copper volumes anticipated.
The group plans a record capital expenditure programme of $2.7bn in 2012, as part of a total project spend of $10.9bn.
The bullish outlook statement accompanied full year results for 2011 which showed revenue up 17% to $7.71bn and underlying earnings before interest, tax, depreciation and amortisation up 7% to $3.43bn.
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The group has declared a final dividend of 11 cents, taking a total pay-out for the year to 27 cents.
More to follow ...
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