ENRC plan is silly, says ex director Olisa November 7, 2011 FORMER ENRC director Ken Olisa yesterday slammed as “silly” a plan by the mining company to pay $650m (£405.6m) to buy the outstanding 75 per cent of Kazakh coal producer Shubarkol Komir from its founders. “The ENRC directors were ill advised to try to do this transaction. Not because it’s a bad deal – it’s not. [...]
ENRC plan is silly, says ex director Olisa November 7, 2011 FORMER ENRC director Ken Olisa yesterday slammed as “silly” a plan by the mining company to pay $650m (£405.6m) to buy the outstanding 75 per cent of Kazakh coal producer Shubarkol Komir from its founders. “The ENRC directors were ill advised to try to do this transaction. Not because it’s a bad deal – it’s not. [...]
Market report: FTSE drops after Moody’s downgrade banks June 22, 2012 The FTSE was down this morning following poor global growth forecasts and the decision by credit ratings agency Moody’s to downgrade some of the world’s biggest banks. Last night Moody’s lowered the credit ratings of 15 of the world’s biggest lenders to reflect the risk of losses they face from volatile capital markets. But the [...]
Dig into the miners to take gains from growth June 5, 2012 A BIG problem when it comes to day trading most retail equities is that sifting through balance sheets, analysing company performance and then taking a position based on your analysis isn’t the easiest thing in the world. But when trading mining equities, you often have the advantage of trading the macroeconomic news affecting the stock, [...]
ENRC to buy miner from its founders October 11, 2011 EURASIAN Natural Resources Corporation plans to buy the 75 per cent stake it doesn’t already own in the thermal coal producer Shubarkol from ENRC’s founding shareholders for $600m (£384m). The news comes less than two weeks after ENRC completed its three month corporate governance review of the board’s directors and management following calls from investors [...]
ENRC to buy miner from its founders October 11, 2011 EURASIAN Natural Resources Corporation plans to buy the 75 per cent stake it doesn’t already own in the thermal coal producer Shubarkol from ENRC’s founding shareholders for $600m (£384m). The news comes less than two weeks after ENRC completed its three month corporate governance review of the board’s directors and management following calls from investors [...]
Miner ENRC unveils a board revamp but keeps chairman September 28, 2011 KAZAKH miner ENRC yesterday announced an overhaul of its board following a three-month governance review triggered by a boardroom row, which resulted in the exit of two well-known directors. The FTSE 100 miner, which has been subject to long-running tensions between the group’s founder shareholders and some board members, confirmed that Johannes Sittard will remain [...]
Miner ENRC unveils a board revamp but keeps chairman September 28, 2011 KAZAKH miner ENRC yesterday announced an overhaul of its board following a three-month governance review triggered by a boardroom row, which resulted in the exit of two well-known directors. The FTSE 100 miner, which has been subject to long-running tensions between the group’s founder shareholders and some board members, confirmed that Johannes Sittard will remain [...]
ENRC dodges governance questions as it reports an increase in half year profits August 17, 2011 EURASIAN Natural Resources Corp (ENRC) reported a surge in half year profits yesterday, but faced criticism after it gave little information regarding its corporate governance review that has been going on since June. The Kazakh miner reported a 33 per cent rise in pre-tax profits to $1.6bn on revenues that increased by 32 per cent [...]
ENRC dodges governance questions as it reports an increase in half year profits August 17, 2011 EURASIAN Natural Resources Corp (ENRC) reported a surge in half year profits yesterday, but faced criticism after it gave little information regarding its corporate governance review that has been going on since June. The Kazakh miner reported a 33 per cent rise in pre-tax profits to $1.6bn on revenues that increased by 32 per cent [...]