Eurasian Resources Group enters into a principal agreement with China's NFC to complete the construction of its project in Africa; EXIM and ICBC to support the financing, Sinosure to provide the insurance
Eurasian Resources Group One Of Seven Mining and Metals Companies Partner on Responsible Sourcing with World Economic Forum
Eurasian Resources Group (ERG), a leading diversified natural resources producer, is one of seven mining and metals companies who have joined forces to accelerate the responsible sourcing of raw materials with the World Economic Forum (the Forum). Alongside with ERG, Antofagasta Minerals, Glencore, Klöckner & Co, Minsur SA, Tata Steel Limited, and Anglo American/De Beers (Tracr) are founding members.
The Mining and Metals Blockchain Initiative will explore the building of a blockchain platform to address transparency, the track and tracing of materials, the reporting of carbon emissions or increasing efficiency.
Benedikt Sobotka, CEO of ERG, said: “This initiative responds to a cross-industry desire to collaborate around blockchain technology in efforts to enhance responsible sourcing. By working together, our goal is to develop solutions that can be adopted across the industry and value chain.”
Read more in the Forum’s press release here.