ENRC targets two of AIM's largest resource companies

摘要

EURASIAN Natural Resources Corp plc (ENRC) this week confirmed that it has targetted the potential acquisition of Central African Mining Company plc (CAMEC) and African Minerals Ltd. This ended several months of market speculation. In March, ENRC, one of the world's largest ferrochrome producers, announced its intention to use its strong balance sheet to exploit opportunities and diversify its business. It said: "The strategy aims to bridge the group's current position as a leading, diversified natural resource group largely based in Kazakhstan, with its aspiration to become a more international mining group."