Mining giant Eurasian Natural Resources (ENRC) said production volumes in the three month ended 31 December further improved on the levels of the previous quarter, in line with expectations.

Ferrochrome production increased 56.7% compared to last year and 5.7% from the previous quarter. Output increased to 351,000 tonnes during the period from 224,000 tonnes last year.

Iron ore extraction was up 74.1% year-on-year, while saleable ore jumped 79.5%.

The strength of its businesses and their low cost advantage allowed the group to achieve a strong recovery from the downturn at the end of 2008,?said chief executive Felix Vulis.

Loing forward, we remain focussed on managing production levels in response to market demand,?Vulis added.

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