ENRC CEO: Looking At "Substantial" Acquisitions In Future3-25-09 4:21 AM EDT | E-mail Article | Print Article
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LONDON -(Dow Jones)- London-listed Kazakh miner Eurasian Natural Resources Corp. PLC (ENRC.LN) is looking to expand its geographical and commodity footprint through acquisitions on a global basis, Chief Executive Johannes Sittard said Wednesday.
"We are looking at substantial transactions in the future," Sittard said on a conference call with reporters.
ENRC produces ferrochrome and iron ore, both used in steel making, as well as aluminum. The company has made a series of small transactions to increase production of those core commodities.
Sittard said the company is shifting its strategy to take advantage of market conditions.
Company Web site: http://www.enrc.com
-By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com
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