ENRC Expects 2010 Output To Recover, Hit 2007-08 Levels – Executive
June 23. Dow Jones. ALMATY
London-listed Kazakh miner Eurasian Natural Resources Corp. (ENRC.LN) expects a “full recovery” in production to 2007-08 levels in 2010, its chief operating officer said Tuesday.
Felix Vulis told reporters on the sidelines of a mining conference his company would remain “cash positive” should the current market conditions remain unchanged.
He said it was still “a very vulnerable market” despite signs of demand picking up and commodity prices improving.
Vulis also said he didn’t expect prices to come close to the levels of 2008.