Eurasian Natural Resources Corp. Plc reported production results for first quarter of 2013. The company decreased ferroalloy production 3.7% year-on-year to 415,000 tonnes on the first quarter of 2013. Output of ferrochrome declined 3.4% to 341,000 tonnes and ferrosilicon chrome 8.5% to 43,000 tonnes. Alumina production grew 24.8% year-on-year to make 412,000 tonnes. The output of aluminum declined 1.6% to 61,000 tonnes, while bauxite production edged up 1% to 1.271 million tonnes in January-March 2013. In the first quarter of this year iron ore extraction decreased 9.2% to 9.262 million tonnes compared to the same period last year, output of iron ore primary concentrate fell 12.1% to 3.672 million tonnes and iron ore pellets dropped 12.2% to 3.435 million tonnes. Chrome ore output totaled 1.143 million tonnes, an increase of 5.7% compared to January-March 2012. Manganese ore extraction amounted to 603,000 tonnes (down 2.4% year-on-year), copper ore to 734,000 tonnes (up 71.1%) and saleable copper to 9,617 tonnes (up 7%). Coal production declined 0.7% year-on-year to 5.826 million tonnes.

Eurasian Natural Resources Corp. Plc reported interim management statement for the first quarter ended March 31, 2013. For the quarter group revenue was slightly below the corresponding period in 2012, mainly due to weaker commodity prices, which were partially offset by higher sales volumes. During the first three months the cash outflow relating to the Group's capital expenditure programme was significantly below budget.  This was due to the postponement of expenditures within the Other Non-ferrous Division, as well as due to a reduction in spend for sustaining projects within the Alumina and Aluminium Division. The company reported ferrochrome production decreased by 3.4% compared to first quarter 2012, with a 2.1% decrease in high-carbon ferrochrome. This decrease was mainly caused by planned maintenance at Aksu. Saleable high-carbon ferrochrome production showed a slight decrease of 1.1%. Total saleable ferroalloys production for the quarter decreased 2.9% on first quarter 2012. Iron ore extraction and primary concentrate production decreased by 9.2% and 12.1% respectively, against the comparable period in 2012. Saleable concentrate production decreased 24.2% and saleable pellet production increased 0.7% against first quarter 2012, with total saleable product decreasing 12.2% against first quarter 2012. Bauxite extraction and alumina production increased 1.0% and 24.8% respectively, against first quarter 2012. Aluminium production decreased 1.6% on first quarter 2012. Production of saleable copper in first quarter 2013 was 14,536 t, a 61.7% increase due to the inclusion of Frontier and a 7.0% increase on a like-for-like basis versus first quarter 2012. Saleable cobalt production fell 9.1% to 2,487 t versus first quarter 2012. Coal extraction by EEC decreased by 0.7% compared to first quarter 2012. Electricity generation decreased 1.3% compared to first quarter 2012. Shubarkol coal extraction decreased 34.1% and special coke production by 7.5% against fourth quarter 2012 following the seasonal trend. Chrome ore extraction in first quarter 2013 amounted to 1,143 kt, an increase of 5.7% on first quarter 2012, but a decrease of 3.5% on fourth quarter 2012 extraction volumes. Manganese ore extraction decreased 2.4% versus first quarter 2012 but increased 0.5% versus fourth quarter 2012. Shubarkol coal production in the period was 1,660 kt, a decrease of 34.1% from fourth quarter 2012 due to a seasonal decrease in demand. Electricity generation in the period was 3,895 GWh, a slight decrease of 1.3% on first quarter 2012 and a slight increase of 0.7% on fourth quarter 2012. In 2013 the group expects capital expenditure to total $1.3 billion, of which $0.5 billion is forecast for sustaining expenditures.

Eurasian Natural Resources Corp Plc - Interim Management Statement Call