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 (ERG), a privately held company, acquired Eurasian Natural Resources Corporation (ENRC) in December 2013 following its delisting from the London Stock Exchange.
The new management team has created a company focused on providing the materials the world needs while operating ethically and delivering returns to the communities where it operates. As a part of this, ERG launched business improvement programmes focusing on implementation of best practice in each of the associated industries. Our strategy of continuous improvement is delivering significant achievements in unit cost control, production efficiency and profitability. ERG has taken a review of its corporate governance and compliance practices and an in-depth study of the long-term viability of investments, which has allowed it to prioritise core assets and strategic projects for further development. This has involved selling assets worth approximately US$1 bn and increasing liquidity.
ERG among first 25 businesses supported “Terra Carta” under leadership of HRH The Prince of Wales and the Sustainable Markets Initiative
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 Kazchrome sets a historic ferroalloys production record
ERG announces the appointment of Mr Shukhrat Ibragimov to its Board of Managers
BAMIN wins bid to operate FIOL railway, a boost to ERG’s iron ore project in Brazil
Eurasian Resources Group establishes ESG Committee
Eurasian Resources Group issues its Action Pledge in support of the United Nation’s International Year for the Elimination of Child Labour
EV supply chain majors pilot Re|Source, a blockchain solution for end-to-end cobalt traceability
SPIEF’21: Sber and Eurasian Resources Group to work on joint digital projects
SPIEF’21: The Eurasian Development Bank intends to provide financing to SSGPO, Eurasian Resources Group’s iron ore division
Sber and Eurasian Resources Group to develop ESG standards for the mining and metals industry
ERG takes part in key panel discussion on climate change agenda in developing countries - organised by Climate Governance Initiative Russia in collaboration with Sber
ERG marks progress in eliminating child labour from mining in the wider industry
ERG participated in a panel discussion entitled “Board challenges in tackling climate change in Emerging Markets”, organised by the Climate Governance Initiative (CGI) Russia, a local chapter of the World Economic Forum’s Climate Governance Initiative
ERG released a four-part video series in partnership with the Good Shepherd International Foundation focussing on the successes of the partnership and future plans in the DRC
ERG marked progress in piloting Re|Source, a solution to trace responsibly produced cobalt, with the project being implemented across Tesla’s supply chain
ERG and its wholly-owned Brazilian subsidiary BAMIN, signed a concession agreement with the Brazilian Federal Government to complete and operate a section of the FIOL (East-West Integration) railway
ERG and China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. (NFC China) signed an Еngineering, Procurement and Construction (EPC) contract to construct a special coke plant at JSC Shubarkol Komir in Kazakhstan’s Karaganda Region
ERG’s Kazchrome was awarded the ICDA’s Responsible Chromium Label as well as a Silver Award by the independent agency EcoVadis
ERG signed a cooperation agreement with Eurasian Machinery LLP to acquire Hitachi equipment for its SSGPO operation
ERG’s Donskoy Ore Mining and Processing Plant launched a unique project for the processing of industrial waste
ERG Africa signed a Community Development Plan Agreement pledging its support for sustainable development initiatives to benefit six communities near its operations in the DRC
ERG, along with the Embassy of Kazakhstan in the Kingdom of Belgium and the Honorary Consulate of Kazakhstan in Luxembourg, launched commemorative stamps to mark the 30th anniversary of Kazakhstan’s independence
ERG was among 57 global organisations to release an open letter calling on the EU to act on ESG
ERG Africa handed over a newly constructed school complex to the Lenge community in the Democratic Republic of the Congo.
ERG participated in a panel discussion entitled “How can batteries enable a sustainable transition to a greener economy?,” hosted by Responsible Investor
ERG participated in a roundtable entitled “Kazakhstan-Belgium-Luxembourg: prospects for investment cooperation” which took place as part of President of Kazakhstan Kassym-Jomart Tokayev’s official visit to the Kingdom of Belgium
ERG became a platinum partner of the DRC-Africa Business Forum 2021
ERG shared updates on its ESG goals and sustainability initiatives at MINEX Eurasia 2021, the 9th annual Eurasian Mining and Investment Conference
ERG launched virtual and in-person tours of its industrial enterprises in Kazakhstan to mark the 30th anniversary of Kazakhstan’s independence
ERG signed an agreement to create the ESG Alliance with Sber and other major companies
ERG signed an agreement to acquire Manganese Zhairema JSC, a company whose main business operations involve mining and processing manganese ore
ERG agreed a contract with ThyssenKrupp with plans to invest $44 million into filter technology as part of a major environmental project at the Group’s operations in Kazakhstan
Along with the Good Shepherd International Foundation, ERG hosted a tree planting ceremony at the Bon Pasteur child protection centre in Kolwezi, DRC
ERG strengthened its responsible sourcing efforts, including through launching a new Responsible Aluminium Framework and expanding its Clean Cobalt Framework to include copper
Eurasian Resources Group among 42 world-leading organisations at WEF Davos meeting to agree 10 key principles to foster a sustainable battery value chain, part of the Global Battery Alliance’s 2030 vision
Eurasian Resources Group plans battery material plant
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
COVID-19: Eurasian Resources Group's Top Managers Have Offered to Take a Temporary 30% Reduction in their Salaries
Eurasian Resources Group (ERG) allocates $US 5 million to help residents of Turkestan region in Kazakhstan
Eurasian Resources Group launched a separate communications channel to discuss innovative ideas with its suppliers
Mr Alijan Ibragimov, shareholder of ERG, was awarded for his contribution to the fight against COVID-19
Eurasian Resources Group donates USD2.4m to help fight COVID-19 in Kazakhstan
Eurasian Resources Group Joins 1000 International Business Leaders to Pledge Support for Multilateralism as UN Turns 75
Eurasian Resources Group publishes Sustainable Development Report 2019
Eurasian Resources Group co-hosts concert in Luxembourg to mark 175 years to Abai Kunanbayev
Sberbank and Eurasian Resources Group to develop cooperation under the Sber ecosystem
Eurasian Resources Group’s Metalkol RTR Commits to Responsible Minerals Assurance Process
ERG’s Kazakhstan Aluminium Smelter increases aluminium production on soaring domestic and European demand
BAMIN: ERG’s investments in Brazil show results
ERG implements a blockchain solution on the IBM Blockchain Platform to support its Clean Cobalt Framework at Metalkol RTR
Eurasian Resources Group helps Kazakhstan identify the professions of the future
Eurasian Resources Group acts as a general sponsor of the World Team Chess Championship in Kazakhstan
Luxembourg celebrates Nauryz for the first time
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
Eurasian Resources Group presents the results of its Student Entrepreneurship Ecosystem programme
Eurasian Resources Group signs a major agreement for the construction of port in Brazil as part of its BAMIN project
ERG became the first industrial company in Kazakhstan to support the international Green Office Project
Eurasian Resources Group and Credit Bank of Moscow enter into inaugural agreement
Eurasian Resources Group launches innovative electrostatic air filters overhaul in Kazakhstan
New smelting furnace commences production at Aksu Ferroalloy Plant
ERG’s Metalkol RTR announces inaugural Clean Cobalt Performance Report
Eurasian Resources Group supports inaugural Bon Pasteur child protection centre in Kolwezi for almost 1000 children
Eurasian Resources Group supports the first ever Kazakh meet-up in Luxembourg
Eurasian Resources Group publishes Sustainable Development Report 2018
The first Festival of Kazakhstan Cinema in France supported by Eurasian Resources Group
Eurasian Resources Group One Of Seven Mining and Metals Companies Partner on Responsible Sourcing with World Economic Forum
Eurasian Resources Group becomes a Platinum partner of flagship Mining Space Summit in Luxembourg
Eurasian Resources Group joins innovative organisations to support the NewSpace Europe 2019 in Luxembourg
The first ever official celebrations of Kazakhstan's Independence Day were held in Luxembourg
Eurasian Resources Group completes the construction of two new bauxite mines
Eurasian Resources Group signs an agreement on the reduction of loan interest rates with Sberbank of Russia
Eurasian Resources Group acquires a controlling stake in JSC 3-Energoortalyk, which owns a thermal power plant in Kazakhstan
Kazchrome achieves record-high chrome ore output and ferroalloys production in 2017; highlights sustainable development achievements
Eurasian Resources Group upgraded to ‘B’ by S&P following stronger results; outlook positive
Eurasian Resources Group announces plans to strengthen its aluminium business
Eurasian Resources Group’s Metalkol RTR signs a ten-year agreement to secure electricity supply to its cobalt and copper operations in the DRC
Eurasian Resources Group achieves credit rating upgrade from Moody’s; outlook positive
Eurasian Resources Group reports progress in embedding sustainability
Eurasian Resources Group sign Memorandum of Understanding with Honeywell to enhance productivity of Global Operations
Eurasian Resources Group secures electricity supply for its copper operation at Frontier Mine in the DRC
Eurasian Resources Group supports Pact’s ‘Children out of Mining’ programme in the DRC
Eurasian Resources Group Launches Its Clean Cobalt Framework at Metalkol RTR
Eurasian Resources Group launches a Smart Mine for its iron ore production complex in Kazakhstan
Eurasian Resources Group holds its second new and improved Innovators’ Forum in Astana
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 agreement with the Eurasian Development Bank for financing for iron ore supplies
Eurasian Resources Group and Bahia Mineração sign an MoU with State of Bahia and a Chinese consortium to develop the 20 mtpa integrated iron ore project in Brazil
Eurasian Resources Group joins leading business and international organisations to launch the Global Battery Alliance
Eurasian Resources Group announces its plans to build a slag processing facility at the Aksu Ferroalloys Plant in Kazakhstan
Eurasian Resources Group’s credit rating is upgraded by Moody’s to B3 from Caa1 the corporate family rating (CFR) and to B3-PD from Caa1-PD the probability of default rating (PDR) with stable outlook
Eurasian Resources Group becomes the Diamond Partner of the National Pavilion of the Grand Duchy of Luxembourg at Astana EXPO 2017
Eurasian Resources Group and VTB Bank sign a new memorandum
Eurasian Resources Group’s credit rating is upgraded by Standard & Poor’s to B-/B from CCC+/C with stable outlook
Eurasian Resources Group starts mining at a new chrome deposit in Kazakhstan with reserves exceeding 3 Mt of ore
Eurasian Resources Group launches an initiative to support student entrepreneurship
Eurasian Resources Group agrees with VTB Bank to restructure its debt
Eurasian Resources Group launches awards to support start-ups in Kazakhstan
Eurasian Resources Group partners with the Good Shepherd Sisters to support the Bon Pasteur Alternative Livelihood Programme
ERG signs an iron ore agreement with MMK to supply more than 30Mt of pellets and concentrate until the end of 2020
Kazakhstan Aluminium Smelter gets the special Quality Leader prize of the Altyn Sapa Award of the President of the Republic of Kazakhstan
ERG and Eurasian Development Bank sign a $US95M four year prepayment agreement for iron ore supply
ERG improves the debt service conditions with Sberbank of Russia PJSC
ERG sets the course for BAMIN development in Brazil
ERG extends the term of the employment agreements with Mr Benedikt Sobotka and Mr Aldiyar Kaztayev by another three years through 2019, with an option to extend by a further two years until 2021
Eurasian Resources Group and VTB Group reach agreement on six-year, €300M prepayment deal for aluminium supplies
Eurasian Resources Group secures debt refinancing with VTB Bank and Sberbank until 2020 and beyond
Eurasian Resources Group completes transaction to acquire 100% of Africo Resources Limited
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
Eurasian Resources Group enjoys top-level representation at SPIEF-2016
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 starts to manufacturing blooms at its SSGPO plant
Dr. Alexander Machkevitch takes part in the meeting with Premier of the Republic of China, unveils joint projects and initiatives in metals & mining and infrastructure.
ERG partners with the Russian Union of Industrialists and Entrepreneurs (RSPP).
ERG highlights the importance of Africa in its long-term international growth strategy at the recent Mining Indaba in Cape Town.
ERG actively participates in the World Economic Forum Annual Meeting in Davos.
ERG becomes a Strategic Partner Associate of the World Economic Forum.
Signed an agreement with VTB Bank on terms of renegotiating group debt maturity schedule to the Bank for up to seven years.
Signed two agreements with VTB Bank to obtain pre-export financing for JSC Kazakhstan Aluminium Smelter (KAS) and JSC Aluminium of Kazakhstan.
Signed a principle agreement with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (NFC), Export-Import Bank of China, Industrial and Commercial Bank of China Ltd. and Sinosure to complete and fund the construction of the Metalkol RTR copper and cobalt project in the DRC.
Signed a financing agreement with the China Development Bank for three projects in Kazakhstan: construction of an aluminium smelter, reconstruction of two power units at the Aksu power plant and construction of a hot briquetted iron production plant. The financing is part of China’s One Belt, One Road initiative. The agreement was signed at a meeting between the President of Kazakhstan and the President of the People’s Republic of China.
ERG becomes an Industry Partner of the World Economic Forum.
Signed agreements with Sberbank of Russia and VTB Bank to principally extend the schedule of payments on Group liabilities until 2021.
Disposal of the Serov ferroalloys plant and its affiliated companies.
Disposal of shares in Northam Platinum.
Signed a memorandum of understanding with NFC to jointly implement three projects in Kazakhstan: construction of an aluminium smelter, reconstruction of 2 power units at the Aksu power plant and construction of a hot briquetted iron production plant.
Disposal of Zhairemsky GOK.
Extended maturity for one of its loan facilities with Russian Commercial Bank Ltd (part of the VTB group).
Signed a new loan agreement with Development Bank of Kazakhstan.
Entered into an amendment to extend the maturity for an existing loan facility with Sberbank of Russia.
Disposal of the Serov ferroalloys plant and its affiliated companies.
Disposal of the slag dump at Chambishi.
Launched a comprehensive transformation programme.