Shubarkol Komir JSC

Press releases

12.08.2019

ERG’s Metalkol RTR announces inaugural Clean Cobalt Performance Report

05.08.2019

New smelting furnace commences production at Aksu Ferroalloy Plant

31.07.2019

Eurasian Resources Group launches innovative electrostatic air filters overhaul in Kazakhstan

25.07.2019

Eurasian Resources Group increased aluminium output by 2.4% in first half of 2019

03.07.2019

Eurasian Resources Group to further promote digital transformation through new and augmented partnerships with ARC Advisory Group and SAP

07.06.2019

Eurasian Resources Group and Credit Bank of Moscow enter into inaugural agreement

04.06.2019

ERG became the first industrial company in Kazakhstan to support the international Green Office Project

24.05.2019

Eurasian Resources Group signs a major agreement for the construction of port in Brazil as part of its BAMIN project

22.05.2019

Eurasian Resources Group presents the results of its Student Entrepreneurship Ecosystem programme

14.05.2019

Gala reception in Luxembourg marks Eurasian Resources Group’s five-year anniversary and the opening of the Honorary Consulate of the Republic of Kazakhstan in the Grand Duchy

01.04.2019

Eurasian Resources Group provides financial support to Mozambique and Zimbabwe

27.03.2019

Luxembourg celebrates Nauryz for the first time

17.03.2019

Eurasian Resources Group acts as a general sponsor of the World Team Chess Championship in Kazakhstan

01.02.2019

Eurasian Resources Group helps Kazakhstan identify the professions of the future

26.11.2018

Eurasian Resources Group secures electricity supply for its copper operation at Frontier Mine in the DRC

16.10.2018

Honeywell and Eurasian Resources Group sign Memorandum of Understanding to enhance productivity of Global Operations

27.08.2018

Eurasian Resources Group reports progress in embedding sustainability

09.08.2018

Eurasian Resources Group achieves credit rating upgrade from Moody’s; outlook positive

02.08.2018

ERG’s Metalkol signs a ten-year agreement to secure electricity supply to its cobalt and copper operations in the DRC

26.07.2018

Eurasian Resources Group plans to strengthen its aluminium business

10.07.2018

Eurasian Resources Group upgraded to ‘B’ by S&P following stronger results; outlook positive

21.05.2018

Kazchrome Achieves Record-High Chrome Ore Output and Ferroalloys Production in 2017; Highlights Sustainable Development Achievements

18.04.2018

Eurasian Resources Group acquires a controlling stake in JSC 3-Energoortalyk, which owns a thermal power plant in Kazakhstan

17.04.2018

Aksu Ferroalloy Plant passes the 35 Mt milestone ferroalloy output

13.03.2018

Eurasian Resources Group signs a new agreement with Sberbank of Russia PJSC

06.02.2018

Eurasian Resources Group increases its aluminium production by 7.8% up to 254 kt in 2017

16.01.2018

Eurasian Resources Group completes the construction of two new bauxite mines

06.12.2017

Eurasian Resources Group launches a “Smart Mine” for its iron ore production complex in Kazakhstan

28.11.2017

Eurasian Resources Group Declared Most Innovative Company in Kazakhstan

28.11.2017

Eurasian Resources Group discloses key sustainability indicators for 2016; highlights $56 million in community social investment and $440 million of savings

18.10.2017

ERG's Innovators’ Forum to expand its scope

17.10.2017

Eurasian Resources Group improves the terms of financing for iron ore supplies provided by the Eurasian Development Bank

04.09.2017

ERG and Bahia Mineração announce signing of MoU with State of Bahia and Chinese consortium to develop 20 mtpa integrated iron ore project

10.07.2017

Slag Processing Facility to be Built at the Aksu Ferroalloys Plant

14.06.2017

Eurasian Resources Group commits to paying employer-sponsored health care contributions for its employees during the introduction of mandatory health insurance in Kazakhstan

08.06.2017

Eurasian Resources Group is the Diamond Partner of the National Pavilion of the Grand Duchy of Luxembourg at Astana EXPO 2017

01.06.2017

Eurasian Resources Group and VTB Bank sign a new memorandum

23.05.2017

Eurasian Resources Group extends its Agreement with the Fondazione Internazionale Buon Pastore Onlus

17.05.2017

Eurasian Resources Group Improves Performance of its Frontier Mine in the Democratic Republic of the Congo to produce over 107kt of Copper in 2016

15.05.2017

Eurasian Resources Group starts mining at a new chrome deposit in Kazakhstan with reserves exceeding 3 Mt of ore

28.04.2017

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

28.03.2017

Eurasian Resources Group launches an initiative to support student entrepreneurship

06.03.2017

Eurasian Resources Group to apply an innovative management system for rail cargo transportation between Russia and Kazakhstan

15.02.2017

Eurasian Resources Group has agreed with VTB Bank to restructure its debt

31.01.2017

Eurasian Resources Group launches awards to support start-ups in Kazakhstan

09.01.2017

Eurasian Resources Group improves performance of its Kazakhstan Aluminium Smelter to produce over 235,000 tons of primary aluminium in 2016

22.12.2016

Eurasian Resources Group and MMK sign a landmark iron ore agreement

07.12.2016

Kazakhstan Aluminium Smelter is awarded the special Quality Leader prize of the Altyn Sapa Award of the President of the Republic of Kazakhstan

24.10.2016

ERG presents at major conference for the mining industry in Brazil: sets the course for BAMIN development, discusses key technological trends

05.10.2016

Eurasian Resources Group improves the debt service conditions with Sberbank of Russia PJSC

04.10.2016

Eurasian Resources Group and Eurasian Development Bank sign a $US95M four year prepayment agreement for iron ore supply

27.09.2016

ERG Board of Managers Announcement

08.08.2016

Eurasian Resources Group provided support to the Kazakh Olympic team in Brazil

29.07.2016

Eurasian Resources Group and VTB Group reach agreement on six-year, €300M prepayment deal for aluminium supplies

18.07.2016

Eurasian Resources Group secures debt refinancing with VTB Bank and Sberbank until 2020 and beyond

07.07.2016

Eurasian Resources Group completes transaction to acquire 100% of Africo Resources Limited

23.06.2016

Eurasian Resources Group and China Nonferrous enter into a strategic long-term sales agreement for the delivery of copper concentrate from the Frontier mine in the DRC

21.06.2016

Eurasian Resources Group enjoys top-level representation at SPIEF-2016

29.05.2016

ERG considers new investments to Kazakhstan, makes a contribution to dialogue on the Eurasian integration at Astana Economic Forum

27.05.2016

Eurasian Resources Group optimistic for the future of global energy and resources

12.05.2016

Eurasian Resources Group helps strengthen ties between Europe and China through Luxembourg economic mission

13.04.2016

Eurasian Resources Group starts to manufacturing blooms at its SSGPO plant

01.04.2016

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

25.03.2016

Eurasian Resources Group becomes a partner of the Week of Russian Business held by the Russian Union of Industrialists and Entrepreneurs

07.03.2016

KAS Has Received the First Shipment of Local Calcinated Coke

03.03.2016

The Aksu Ferroalloys Plant To Introduce A Novel Way of Shipment

18.02.2016

A new process control system is implemented at the Aksu Power Plant

12.02.2016

Eurasian Resources Group at Mining indaba: 'Africa central to future growth'

29.01.2016

Eurasian Resources Group actively participates in the World Economic Forum Annual Meeting in Davos

15.12.2015

ERG's management were granted a government award

13.11.2015

ERG enterprises from Pavlodar region will implement better environmental practices

14.10.2015

ERG secures debt refinancing, reaches an agreement with VTB

02.09.2015

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

18.06.2015

Eurasian Resources Group and Sberbank of Russia expand its successful cooperation

Market news

28.06.2019

MetalBulletin - ERG resumes some cobalt metal production at Chambishi

18.06.2019

Interfax - Kazakhstan Aluminum Smelter plans to double production capacity

17.04.2019

Mining Review Africa - How blockchain is shaping ethics and morals in mining

04.04.2019

Mining Weekly - ERG joins UN Global Compact

26.03.2019

MINE - Using blockchain to clean up the cobalt supply chain

14.03.2019

Business Matters - Eurasian Resources Group: General Partner of the World Team Chess Championship in Kazakhstan

13.03.2019

ERG proud to launch its clean cobalt framework at Metalkol RTR

22.02.2019

Reuters - ERG ships Kazakh alumina to China in drive to find new buyers -sources

05.02.2019

FT - Cobalt hits 2-year low as DRC ramps up supply

22.01.2019

The World Economic Forum - Benedikt Sobotka/Martin Brudermüller: Batteries can power sustainable development. Here’s how

08.01.2019

Cobalt Development Institute - The Cobalt Institute welcomes new Member Metalkol RTR

07.12.2018

Mining Weekly - ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion

26.11.2018

Mining Magazine - ERG secures electricity supply for DRC copper mine

09.10.2018

Reuters - ERG bets on cobalt from Congo in quest for growth

02.07.2018

International Banker - Accounting for the cobalt boom

26.06.2018

Metal Bulletin - ERG will raise alumina powder output in 3D manufacturing-focused pilot scheme

19.06.2018

Mining Global - World Mining Congress 2018: The future of mining in Kazakhstan

12.06.2018

Bloomberg - Vale Deal Shows Carmakers Will Need to Pay Up to Secure Cobalt

09.06.2018

China Daily - Belt and Road will be key to SCO countries

25.05.2018

Kazinform - PM gets acquainted with ‘smart mine' technology in Kostanay region

21.05.2018

Shanghai Metals Market - Report: Demand for cobalt to surge by 2025

17.04.2018

Platts - Analysis: China Q1 steel output, prices supports iron ore

11.04.2018

International Mining - ERG says miners need to commit to greenfield copper projects to avoid looming shortages

11.04.2018

Eurasian Resources Group: Market outlook 2018

01.03.2018

Reuters - Miner ERG to more than double aluminum output by 2021

19.02.2018

International Investment - Comment: The policing effect of consumer power

06.02.2018

Metal Bulletin - INTERVIEW: Cobalt market needs representative pricing for intermediates - Southgate

06.02.2018

Metal Bulletin - INTERVIEW: Cobalt boom ‘guaranteed’ for 7-10 years – ERG’s Southgate

05.02.2018

Argus Media - Africa's cobalt to benefit from EV boom

30.01.2018

International Mining - ERG rapidly expanding bauxite mining operations in Kazakhstan

29.01.2018

Metal Bulletin - European Morning Brief 29/01

28.01.2018

Arab News - Consumer power over supply chains

26.01.2018

China Daily (Europe) - The globalization dividend will endure

23.01.2018

China Daily - Xi's vision pertinent for Davos this year

17.01.2018

Nikkei Asian Review - Japanese cobalt traders find there is none left to buy

21.12.2017

China Daily - Alliance to make optimal use of batteries

20.12.2017

Metal Bulletin - ‘Cobalt boom’ here to stay in 2018 as EV interest grows: ERG CEO

19.12.2017

Eurasian Resources Group: Metals Roundup

18.12.2017

Bloomberg - How Batteries Sparked a Cobalt Frenzy and What Could Happen Next

14.12.2017

Mining.com - Kazakhstan’s largest iron ore company now has a smart mine

12.12.2017

Reuters - China's Nanjing Hanrui can't be sure its cobalt did not involve child labour 12 December 2017

08.12.2017

Mining Weekly - Mine improves output as copper price slated to rise

06.12.2017

Kazinform - Kazakhstan's most socially responsible company named in Astana

06.12.2017

Nikkei Asian Review - Crude oil demand may peak before 2030: commodities experts

01.12.2017

Mining Weekly - Electric vehicle revolution a rare investment opportunity as metals demand spikes

30.11.2017

Mining Journal - "Dollars make their way to projects that sustainably source material"

28.11.2017

Reuters - Cobalt, the heart of darkness in the shiny electric vehicle story: Andy Home

27.11.2017

Metal Bulletin - ERG appoints new CEO at Brazilian iron ore subsidiary Bamin

27.11.2017

Reuters - Volkswagen's talks with cobalt producers end without deal

24.11.2017

Financial Times - LME’s cobalt inquiry highlights ethical issues for industry

22.11.2017

Financial Times - LME probes cobalt supplies after complaints over child labour links

10.11.2017

Mining Weekly - New Alliance to ensure responsible cobalt supply from Africa

09.11.2017

Coal International - Eurasian Resources Group’s Shubarkol Komir increases coal output by a third in the first nine months of 2017

01.11.2017

International Mining - Eurasian Resources Group: base metals outlook

31.10.2017

S&P Global Platts - Eurasian Resources Group sees iron ore prices at $55-$65/dmt for one year

31.10.2017

Metal Bulletin - ERG’s RTR on schedule for 2018 production; targeting EV

30.10.2017

Eurasian Resources Group: Base Metals Outlook

17.10.2017

FT - Cobalt stand-off key to future of electric vehicles

02.10.2017

Sustainable Brands - Global Battery Alliance Aims to Eliminate Human, Environmental Toll of Global Battery Supply Chain

20.09.2017

Metal Bulletin - ERG works with WEF to launch Global Battery Alliance for ethical cobalt supply chain

19.09.2017

Mining Journal - Battery industry to clean up act

14.09.2017

CNBC Africa - Eurasian Resources Group CEO speaks on benefits of mining in Africa

04.09.2017

Mining Journal - ERG, Chinese to build new iron ore mine

01.09.2017

Reuters - China ramps up role in Brazilian transport infrastructure

23.08.2017

Bloomberg - Hunt for Next Electric-Car Commodity Quickens as Prices Soar

14.08.2017

Eurasian Resources Group: Outlook for cobalt and copper markets for 2017 and beyond

28.07.2017

Moody's upgrades ERG's rating to B3; stable outlook

27.06.2017

ERG's credit rating upgrade from Standard & Poor's

09.06.2017

Luxemburger Wort - Les yeux doux aux gros sous du Kazakhstan

09.06.2017

Le Quotidien - Bettel and Schneider in Kazakhstan to promote Luxembourg

09.06.2017

Chronicle - ERG Becomes Partners with the Luxembourg Pavilion at Astana EXPO 2017

06.06.2017

La Tribune Afrique - Mines : le cobalt explose tous ses records de prix

05.06.2017

Bloomberg – Owner of $1 Billion Cobalt Project Says Rally Is Far From Over

02.06.2017

Mining Weekly - Revised plan, operational improvement, investment increase production

24.05.2017

International Mining - ERG starts new chrome mine in Kazakhstan and hikes Frontier’s DRC copper output

24.05.2017

Mining Review Africa - Eurasian Resources Group extends SHEC agreement in Democratic Republic of Congo

18.05.2017

Mining Review Africa - Eurasian Resources Group improves performance at its Frontier mine

18.05.2017

Benedikt Sobotka, CEO of Eurasian Resources Group, explains ERG’s outlook on global commodity markets

17.05.2017

Asia & the Pacific Policy Society - A forum and a feint

17.05.2017

Metal Bulletin - ERG starts mining at 300,000 tpy Pervomayskoye chrome deposit

17.05.2017

Mining Weekly - ERG’s DRC mine delivers 35% increase in copper output

02.05.2017

WorldNews - Future challenges of the chrome industry discussed at the ICDA members conference in Kazakhstan

29.04.2017

CGTN -Ask China: How Belt and Road ‘reality’ helps natural resources firm flourish

26.04.2017

People.cn - China-led ‘Belt and Road’ initiative links Kazakhstan with sea

31.03.2017

Environmental Finance - How to eliminate child labour from the battery business

29.03.2017

China Daily-US Edition - ERG: Chinese companies critical to several projects

16.02.2017

The Sydney Morning Herald - Cobalt gets ready to shine from Tesla, Apple, Samsung demand

10.02.2017

Mining Weekly - Producer does part to fight abuse of children in artisanal mining

07.02.2017

Platts - Battery demand to drive lithium, cobalt market for years ahead: panel

24.01.2017

Bloomberg - How Does the Hottest Metals Trade Work? First, Find a Warehouse

20.01.2017

CNBC Africa - Eurasian Resources Group seeks to end child labour in Africa’s mines

19.01.2017

Metal Bulletin - 'Cobalt market has fantastic potential this year'

18.01.2017

Benedikt Sobotka: Cobalt market has fantastic potential

12.01.2017

Aluminium Insider - Eurasian Resources Group Boasts Record Output in 2016

05.01.2017

Group CEO explains ERG’s outlook for 2017

Shubarkol Komir JSC is one of Kazakhstan's largest thermal coal producers. Due to its high calorific value and low ash content, Shubarkol coal is rightfully considered to be a clean energy source.

Established in 1983

2,500employees

Acting President:

Andrey
Safonov

8.8 million
tonnes

of coal per annum

The entity covers of 25% fuel needs of Kazakhstan in the domestic sector.

Karagandy Region

vvp

8.8 million
tonnes

of coal per annum

The entity covers of 25% fuel needs of Kazakhstan in the domestic sector.

Karagandy Region

vvp

The entity operates two open pit coal mines: Centralny and Zapadny. Coal production reached a maximum in 2014, when it totalled 9.3 million tonnes. The entity put into operation Sary-Arka Spetskoks LLP, a plant specializing in production of special coke, which is used as a reducing agent in the ferroalloy industry of Kazakhstan.