Global Battery Alliance, where ERG is a Founding Member, Launches World’s First Battery Passport Proof of Concept
Eurasian Resources Group to invest USD 230m in building the most powerful wind power plant in Aktobe, Kazakhstan
Eurasian Resources Group upgraded by S&P to ‘B’ on strong performance and reduced debt; outlook is stable
ERG’s Metalkol Wins Three Awards for Galvanising and Mentoring Women in the Democratic Republic of the Congo
ERG’s inaugural Group-wide Youth Forum convenes together young production manufacturers and plant managers from Africa, Brazil, Kazakhstan and Europe
ERG carries out exploration works in Kazakhstan, commences drilling at an additional site in the Aktobe Region
All ERG’s enterprises in Kazakhstan continue to operate, with the situation under control
Eurasian Resources Group signs agreement to complete and operate a stretch of the FIOL railway in Brazil, proceeds to create a new logistics corridor
Sber and Eurasian Resources Group to develop ESG standards for the mining and metals industry
Eurasian Resources Group issues its Action Pledge in support of the United Nation’s International Year for the Elimination of Child Labour
ERG congratulates Good Shepherd International Foundation, winner of Thomson Reuters Foundation’s Stop Slavery Hero Award 2021
We announce with great sorrow that on February 3, 2021, Mr Alijan Ibragimov, one of the founders of ERG and a member of its Board of Directors, passed away at the age of 67
ERG’s Kazakhstan Aluminium Smelter increases aluminium production on soaring domestic and European demand
Eurasian Resources Group’s Metalkol RTR Commits to Responsible Minerals Assurance Process
Mr Alijan Ibragimov, shareholder of ERG, was awarded for his contribution to the fight against COVID-19
Eurasian Resources Group (ERG) allocates $US 5 million to help residents of Turkestan region in Kazakhstan
COVID-19: Eurasian Resources Group's Top Managers Have Offered to Take a Temporary 30% Reduction in their Salaries
Eurasian Resources Group implements global preventive measures to ensure the smooth running of operations and the safety of its people amidst the COVID-19 virus outbreak; takes appropriate action and plans for the future
Davos, 2020: Eurasian Resources Group among 42 world-leading organisations to agree 10 key principles to foster a sustainable battery value chain, part of the Global Battery Alliance’s 2030 vision
Eurasian Resources Group joins innovative organisations to support the NewSpace Europe 2019 in Luxembourg
Eurasian Resources Group becomes a Platinum partner of flagship Mining Space Summit in Luxembourg
ERG became the first industrial company in Kazakhstan to support the international Green Office Project
Eurasian Resources Group presents the results of its Student Entrepreneurship Ecosystem programme
Eurasian Resources Group acts as a general sponsor of the World Team Chess Championship in Kazakhstan
Eurasian Resources Group secures electricity supply for its copper operation at Frontier Mine in the DRC
ERG’s Metalkol signs a ten-year agreement to secure electricity supply to its cobalt and copper operations in the DRC
Eurasian Resources Group upgraded to ‘B’ by S&P following stronger results; outlook positive
Eurasian Resources Group acquires a controlling stake in JSC 3-Energoortalyk, which owns a thermal power plant in Kazakhstan
Eurasian Resources Group launches a “Smart Mine” for its iron ore production complex in Kazakhstan
Eurasian Resources Group discloses key sustainability indicators for 2016; highlights $56 million in community social investment and $440 million of savings
Eurasian Resources Group improves the terms of financing for iron ore supplies provided by the Eurasian Development Bank
Eurasian Resources Group is the Diamond Partner of the National Pavilion of the Grand Duchy of Luxembourg at Astana EXPO 2017
Eurasian Resources Group Improves Performance of its Frontier Mine in the Democratic Republic of the Congo to produce over 107kt of Copper in 2016
International delegates discussed future challenges of the chrome industry and visited ERG’s new ferroalloy plant in Aktobe as part of the ICDA Members Meeting conference in Kazakhstan
Eurasian Resources Group to apply an innovative management system for rail cargo transportation between Russia and Kazakhstan
Eurasian Resources Group improves performance of its Kazakhstan Aluminium Smelter to produce over 235,000 tons of primary aluminium in 2016
ERG presents at major conference for the mining industry in Brazil: sets the course for BAMIN development, discusses key technological trends
Eurasian Resources Group completes transaction to acquire 100% of Africo Resources Limited
ERG considers new investments to Kazakhstan, makes a contribution to dialogue on the Eurasian integration at Astana Economic Forum
Eurasian Resources Group helps strengthen ties between Europe and China through Luxembourg economic mission
Eurasian Resources Group takes part in the meeting with Premier of the Republic of China, unveils joint projects and initiatives in metals & mining and infrastructure
Reuters from Davos: Commodities in 'perfect storm' says ERG, as crisis starts super cycle
S&P (Platts): Metals industry needs regulation or framework to make 'green' sales viable: miners
SPIEF official magazine. Alexander Machkevitch: “Digital progress, clean energy, and ethical growth will facilitate the transition to the economy of the future”
Global Mining Review: Q&A from ERG on the role of mining in shaping the global economy post-pandemic
S&P Global FEATURE: Vertical integration, digitization needed for EV battery supply train traceability
Edie - UK businesses betting on the future of e-mobility should think about batteries today
Merkur (Luxembourg) - Covid-19: Eurasian Resources Group’s Top Managers Have Offered to Take a Temporary 30% Reduction in their Salaries
CNBC Africa - Eurasian Resources CEO reveals the biggest purchase order for the mining industry & how Africa stands to benefit
CNBC Africa - Eurasian Resources CEO: Why we are excited about Africa’s investment potential
International Mining - ERG says miners need to commit to greenfield copper projects to avoid looming shortages
Metal Bulletin - INTERVIEW: Cobalt market needs representative pricing for intermediates - Southgate
Reuters - China's Nanjing Hanrui can't be sure its cobalt did not involve child labour 12 December 2017
Mining Weekly - Electric vehicle revolution a rare investment opportunity as metals demand spikes
Coal International - Eurasian Resources Group’s Shubarkol Komir increases coal output by a third in the first nine months of 2017
S&P Global Platts - Eurasian Resources Group sees iron ore prices at $55-$65/dmt for one year
Sustainable Brands - Global Battery Alliance Aims to Eliminate Human, Environmental Toll of Global Battery Supply Chain
International Mining - ERG starts new chrome mine in Kazakhstan and hikes Frontier’s DRC copper output
Mining Review Africa - Eurasian Resources Group improves performance at its Frontier mine
Eurasian Resources Group publishes Sustainable Development Report 2018
Eurasian Resources Group (“ERG” or “the Group”), a leading diversified natural resources group, is pleased to announce the publication of its Sustainable Development Report (“the Report”) for 2018. The Report highlights further progress in achieving long-term sustainability, which lies at the heart of the Group’s business strategy.
In Kazakhstan, ERG continued to improve its operational performance, supported by – amongst other things – ongoing business transformation, operational efficiency initiatives and the development of its portfolio.
Commenting on the report, Benedikt Sobotka, CEO of ERG, said: “We are focussed on ensuring that our business is in a position to generate value well into the future and for our multiple stakeholders and we have seen a plethora of positive milestones in 2018. Building on our Strategy, we were pleased to join the UN Global Compact at the beginning of 2019 and support key UN initiatives including the Sustainable Development Goals.”
The business’s vision, captured by ERG’s 2025 Strategy, is being supported not only by the Group’s Corporate Values but also by the continuous cultural transformation at the workplace level. ERG has been working closely with international organisations such as the World Economic Forum to champion sustainability and encourage reform across the industry via its involvement with platforms including the Global Battery Alliance and the Partnership Against Corruption Initiative (PACI).
In 2018, as part of the Group’s focus on enhancing overall business efficiency to prepare for the future, a number of continuous improvement programmes were ongoing. These included the ERG Production System, which supports efficiency across the product lifecycle, and the ERG Business System aimed at enhancing business processes. The Group formed a dedicated company, ERG Capital Projects, to support effective project execution and adopted a new, enhanced approach to project due diligence and mine planning. ERG also hosted a regular Innovators’ Forum and further rolled out its Ideas Factory concept collecting ideas from more than 3,000 employees and accepting over 1,600 of them.
The business continued to make improvements to the workplace culture in its enterprises aiming to achieve Zero Harm. In 2018, the LTIFR (lost time injury frequency rate) among ERG’s employees decreased by 15.9% year on year. 13.2 million consecutive LTI-free hours were achieved during the construction phase of Metalkol RTR, a major cobalt and copper operation in the Democratic Republic of the Congo (DRC).
The Group continued to make structural preparations to bring its business in line with the Fourth Industrial Revolution, including a focus on data analytics and the digitalisation of production. To this end, work was underway to implement a single Manufacturing Execution System (MES). ERG launched a pilot project to implement a blockchain-based solution on the IBM Platform to enhance the traceability of its cobalt across the metal’s global supply chain. In Kazakhstan, the Group also developed a partnership with Astana International Financial Centre and its IT and start-up platform, Astana Hub, which incorporates its initiatives to foster new digital solutions that can support ERG’s business.
As part of the global energy transition, ERG commissioned Metalkol RTR, which produces copper and cobalt, products that are key for the global lithium-ion battery sector. The facility will help to improve the local environment via the decontamination of historical tailings in the area. At Metalkol RTR, in line with the principles of responsible production, ERG introduced its Clean Cobalt Framework, an innovative initiative, which comprises seven goals to tackle potential challenges in the production and supply chain, including child labour.
Aiming to help children in the DRC to transition out of mining, the Group also continued to advance its support for the work of the Good Shepherd International Foundation (GSIF) and to the rollout of the ‘Children Out of Mining – Northern Kolwezi’ programme by Pact, an international NGO. As part of cooperation with GSIF, 1,929 children received protection and around 300 women and 200 girls gained trainings for alternative livelihood skills.
ERG’s commitment to responsibility also relates to avoiding and minimising potential negative environmental impacts across various product segments and regions. In 2018, ERG developed a new long-term Air Emissions Strategy, intended to bring the Group’s assets in Kazakhstan closer in line with the EU air quality standards. Energy-saving measures applied across the Group’s operations in Kazakhstan under its 2016-2020 Energy Efficiency Programme resulted in a total reduction in consumption of 2,000Tj of energy in 2018.
In 2019, ERG completed internal risk assessments of tailings dams and defined an action plan, which includes the engagement of third party expertise to support the Group’s risk management efforts. In Brazil, the planned tailings dam at ERG’s Bahia Mineração (BAMIN) integrated iron ore and logistics project was amended from an upstream to a downstream design.
The Group has continued to make a contribution to the socio-economic development and well-being of communities in its key operating regions. In Kazakhstan, STEM laboratories supported by ERG will benefit 9,000 pupils. The Group also encourages young people and job creation through its Student Entrepreneurship Ecosystem Project, which is now operating in nine universities and colleges and saw the participation of 5,000 students.
A similar emphasis on benefitting local communities is also reflected through the Group’s initiatives in Africa and Latin America. In the DRC, ERG is working to expand access to high-quality education but also to improve potable water distribution, thus helping to address major challenges facing local communities. In 2018, the Group invested US$582,000 to provide potable water to local communities using wells and solar-powered water distribution facilities. As part of its agriculture programme, around 500 community members were provided with seeds, equipment and technical support.
In Brazil, ERG also advanced efforts to address clean water shortages and provided 15 households with access to clean water for agricultural use.
The full version of the Report can be found here: https://www.eurasianresources.lu/uploads/1/files/20077_ERG_SR%20ENG%20web2.pdf
Details of ERG’s sustainable development journey from 2018 are listed below:
Preparing our business for the future
Helping our people thrive
Community development and wellbeing