LONDON -- The shares of�Eurasian� (LSE: ENRC ) plunged 7% to 282 pence early this afternoon trading after the miner revealed a 24% slump in salable iron-ore production compared to last year.
Eurasian, the Kazakhstan-based metal miner, blamed extreme winter weather for the 9% fall in iron-ore extraction.
Saleable ferroalloys, the company's largest division by turnover, suffered a 3% fall in production due to planned maintenance at its Aksu smelter.
Eurasian confirmed that it had not yet received an offer from its three billionaire founders regarding a possible takeover. The trio, who along with the Kazakh government own more than half of the company, have until 17 May to make a formal bid.
Eurasian chief executive Felix Vulis, who took no questions at today's analyst conference call, said:
Top Asian Companies To Buy For 2014: Vicor Corporation(VICR)
Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems. The company?s Brick Business Unit segment offers modular power converters and configurable products. Vicor?s VI Chip segment designs, develops, manufactures, and markets the company?s factorized power architecture products. Its Picor segment manufactures and markets power management integrated circuits and related products for use in various power system applications. The company sells its products in North America and South America through a network of independent sales representative organizations; and in other areas through independent distributors. Vicor Corporation was founded in 1981 and is headquartered in Andover, Massachusetts.
Top Asian Companies To Buy For 2014: Chemring(CHG.L)
Chemring Group PLC, together with its subsidiaries, manufactures and sells energetic material products and countermeasures for the defense, security, and safety markets primarily in the United Kingdom and other European countries, the United States, Australia, the Far East, and the Middle East. It operates through four divisions: Munitions, Countermeasures, Counter-IED, and Pyrotechnics. The Munitions division provides energetic materials, components, and subsystems, which include propellants and rocket motors, fuze and safe/arm units, flight termination systems, pyro-mechanisms and actuators, warheads and charges, primers and initiators, medium and large calibre ammunition, fuzes, base high explosives, insensitive HE material, and 40mm grenades to contractors. The Countermeasures division is involved in the design, development, and manufacture of expendable countermeasures and countermeasure suites for protecting air, sea, and land platforms against guided missile threats , such as flare countermeasures, conventional flare countermeasures, IR devices, special material decoys, chaff, and RF and IR decoys. The Counter-IED division provides vehicle-mounted ground penetrating radar detection systems, counter-IED electronic countermeasures, RF and hard-wired electrical initiators, percussion initiators, detonators and charges, mine detection systems, recoilless de-armers/disrupters, ROV weapon carriers, C-IED tools and equipments, demolition stores, and chemical and biological threat detection systems. The Pyrotechnics division offers smokes and flares, fire suppression devices, battlefield illumination, distraction and screening grenades, markers, smoke payloads and illumination, battlefield simulation products, impulse cartridges, rockets, line throwers, rocket propellants, canopy cutting charges, linear explosives, cartridge-actuated devices, and propellant-actuated devices. Chemring Group PLC was founded in 1905 and is headquartered in Fareham , the United Kingdom.
Top 5 Japanese Stocks To Watch For 2014: Prominex Resource Corp(PXR.V)
Prominex Resource Corp. engages in the acquisition and exploration of mineral properties in Newfoundland and Labrador, Canada. The company explores for base metals and gold. Its principal properties include the Tulks Hill Project and Reid Lot 50, Lake Bond project, located in central Newfoundland. The company was formerly known as Sino Pacific Development, Ltd. and changed its name to Prominex Resource Corp. in October 2005. Prominex Resource Corp. was founded in 1980 and is headquartered in Vancouver, Canada.
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