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 plans to strengthen its aluminium business
Eurasian Resources Group (“ERG” or “the Group”), a leading diversified natural resources group, has reiterated its commitment to strengthen its aluminium business with a number of new initiatives including the development of a joint venture to roll out aluminium poles, the introduction of hydropower as a means of producing “green” aluminium, and the manufacturing of 3D-printing powders.
Given current manufacturing volumes and trends, the Group envisages that it will soon be able to use all alumina produced by ERG for its own aluminium production in Kazakhstan.
The President of the Republic of Kazakhstan, Nursultan Nazarbayev, recently completed a tour of a number of key industrial facilities in the Pavlodar region, where ERG is a major investor and employer. Mr Nazarbayev identified technological modernisation and increased output of high value-added products as Kazakhstan’s main priorities. Accordingly, ERG announced that it is currently working on a joint venture to produce as many as 50,000 to 80,000 aluminium poles – notably in liquid form – that it will then aim to sell to other countries. Aluminium poles are used in the extrusion process, whereby the extruded aluminium profiles are then used to produce building materials and fittings.
Dr Alexander Machkevitch, Chairman of the Board of Directors of ERG, said that the Group is making significant inroads in innovative, low-emission alumina production, having successfully tested the possibility of producing 3D-printing powders from Kazakhstani alumina. He said: “Such technology enables us to obtain aluminium powders and alloys from various metals while bypassing the traditional electrometallurgical process.”
Dr Machkevitch has also further highlighted the importance of energy independence and minimising pollution for the aluminium industry. Outlining the Group’s commitment to “greener” production, he said: “It is important that we can use hydropower which can provide sustainable aluminium with low greenhouse gas emissions.”