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’s Metalkol RTR Commits to Responsible Minerals Assurance Process
Eurasian Resources Group (“ERG” or “the Group”) today announces that Metalkol RTR (“the Company”), its hydro-metallurgical copper and cobalt facility in the Democratic Republic of the Congo (DRC), has committed to undergoing the Responsible Minerals Assurance Process (RMAP), a flagship programme of the Responsible Minerals Initiative (RMI).
Metalkol RTR has made a formal commitment to proceed with the RMAP assessment and submitted all required pre-assessment documentation.
The aim of the RMAP is to help companies and organisations make informed choices about responsibly sourced minerals in their supply chains. The RMAP uses an independent third-party assessment of smelter/refiner management systems and sourcing practices to validate conformance with RMAP standards. The assessment employs a risk-based approach to validate smelters' company-level management processes for responsible mineral procurement.
The RMAP standards are developed to meet the requirements of the OECD Due Diligence Guidance, the Regulation (EU) 2017/821 of the European Parliament and the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act
Metalkol RTR is actively in communication with the RMI on logistics and preparation for the RMAP assessment.
Benedikt Sobotka, CEO of Eurasian Resources Group and Co-Chair of the Global Battery Alliance, commented, “Cobalt’s role in the world economy is only set to increase as it is a key ingredient in lithium-ion batteries for electric vehicles and energy storage which will power the green recovery. It is vital that the cobalt in these products is sourced responsibly and sustainably, and we have committed to this through our Clean Cobalt Framework, the Cobalt Industry Responsible Assessment Framework and the RMAP.”