Eurasian Natural Resources Corp. Plc (ENRC.L) said the Group's businesses in Kazakhstan and Tuoli for the second quarter of 2009 are expected to run at about capacity, in line with guidance given at the half-year results. Moreover, the company stated that the second-quarter revenue will reflect higher sales volumes and prices, partially offset by a rise in costs from improved production volumes and some cost increases.
Capital expenditure for the same period are expected to total US$1.2 billion. Eurasian Natural explained that the industry outlook into 2010 remains uncertain, with the risk of further volatility in volumes and prices.
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