18.10.2017
27.09.2016
Eurasian Resources Group has a balanced product portfolio in steelmaking materials, non-ferrous and energy. The Board regularly reviews and optimises the Group’s business plans with respect to operations and working capital. Our CAPEX programme is under continuous assessment in order to reflect market conditions.
The new Aktobe Ferroalloy Plant began trial production at the end of 2014 with a designed annual capacity of 440kt of high-carbon ferrochrome. The additional capacity from the new plant, based on advanced technology, aims to boost ferrochrome production and to retain Kazchrome as a low-cost ferroalloys producer.
The Group’s strategic portfolio includes growth projects in various divisions which will enable ERG to principally increase its revenue.
In Kazakhstan, Eurasian Resources Group plans to build a 1.8 mtpa hot briquetted iron (HBI) facility that will provide entry into the fast-growing segment of the iron ore market. A new aluminum smelter will add 140ktpa to the Group aluminium capacity, increasing it thus by 50%, while the reconstruction of 2 energy units will allow to expand the installed power capacity in Kazakhstan by additional 50 MW.
Investments in Africa are focused on copper and cobalt expansion projects, where ERG continues to develop Frontier and has recently resumed its Metalkol Roan Tailings Reclamation (RTR) Project. We view our projects in Africa as key drivers of future growth internationally. In addition to Kazakhstan it’s Africa that offers best opportunities for companies interested to strategically grow their portfolios, and we are making substantial investments in our host countries in this region. Our current flagship development on the continent is RTR, a major tailings reprocessing operation in the Democratic Republic of Congo, that will provide a long-term, stable supply of ‘green’, ethically-mined cobalt and copper to the market.
In Brazil ERG continues to develop the Pedra de Ferro project, a 20mtpa iron ore production complex at BAMIN.
Metalkol RTR (the Roan Tailings Reclamation Project).
BAMIN (Bahia Mineração Limitada).
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