Kazakhstan, Astana, Nov. 7 /Trend D. Mukhtarov /
A logistical problem prevents expansion of Eurasian Natural Resources Corporation's (ENRC) presence in Chinese market, the Chief Executive Officer of ENRC PLC Felix Vulis told Trend on Wednesday in the framework of the IV economic forum of large business "Expert-100-Kazakhstan".
"We have a serious problem with the transition point on the border of Kazakhstan and China. This is Dostyk station, capacity of which is too small for our volumes. So we would like to increase our presence in China, which is prevented by this logistical problem, " Vulis said, explaining why increasing the volumes of exports to China is impossible.
According to him, the ENRC corporation supplies iron, ore, ferroalloys to China.
"By the end of this year the supply volumes of our iron ore raw materials should stand at about five million tons. The same amount is expected next year," he said.
In his words, the launch of a new Zhetygen - Khorgos railroad will allow ENRC to increase its presence in the Chinese market.
Eurasian Natural Resources Corporation is one of the leading diversified natural resources groups with integrated mining, processing, energy, logistical and marketing operations. ENRC production assets are largely located in Kazakhstan. Moreover the company operates in China, Russia, Brazil and Africa (the Democratic Republic of Congo, Zambia, Mozambique and South Africa). ENRC is the world's largest producer of ferrochrome on a chrome content basis and one of the world's significant iron ore and alumina producers.
