CORRECTED - UPDATE 1-ENRC more upbeat on recovery, wary on 2010

Thu Nov 12, 2009 8:30am GMT
 
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(Corrects 2nd paragraph that ENRC expects 2010 production to be flat compared to 2008, not 2009)

* Recovery more convincing, but uncertain about 2010

* Q3 ferrochrome output down 2.1 pct

* Saleable iron ore pellet output flat

(Adds details)

LONDON, Nov 12 (Reuters) - Kazakh mining group ENRC (ENRC.L) was more convinced about China's economic recovery, but wary about the outlook for 2010, as it posted a 2.1 percent fall in third quarter output of ferrochrome, one of the group's key products.

The London-listed firm also said on Thursday overall production next year was expected to be flat compared to 2008.

"Sustainability of the Chinese economic recovery is now more convincing, and with signs of stability, and even some initial recovery, in the United States, Europe and Russia," a statement said.  Continued...

 

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