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 increases its aluminium production by 7.8% up to 254 kt in 2017
In 2017, Kazakhstan Aluminium Smelter (KAS), owned by Eurasian Resources Group (ERG), one of the world’s leading diversified natural resources groups, increased production by 7.8% year-on-year to deliver 254 kt of aluminium (235.6 kt in 2016). KAS, which celebrated its ten-year anniversary in December, is the only producer of high-grade primary aluminium in Kazakhstan.
KAS uses cutting edge equipment to produce high-quality A-8 and A-85 grade products which have a trademark registered on the London Metal Exchange. With exports accounting for approximately 90% of its output, the plant sells aluminium across Europe, Asia and South America, with its largest buyers based in Russia, Ukraine, Belarus and Uzbekistan.