Adverse weather hits ENRC's first quarter iron ore production

Severe winter weather hit first quarter production at FTSE 100-listed diversified natural resources group Eurasian Natural Resources' iron ore division while revenue decreased slightly when compared to the corresponding quarter as a result of weaker commodity prices.

Severe winter weather hit first quarter production at FTSE 100-listed diversified natural resources group Eurasian Natural Resources' iron ore division while revenue decreased slightly when compared to the corresponding quarter as a result of weaker commodity prices.

In an interim management statement and production report for the first quarter ended March 31st, the global mining company reported that production had been at full capacity in all but two business divisions. In addition to the iron ore division, it said that the Shubarkol division experienced a decrease in line with seasonal demand.

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