ReSource blockchain platform: Eurasian Resources Group profiles successful demonstration of first EV battery passports pilots together with CMOC, Glencore and the GBA
Views on the cobalt, copper and aluminium markets for 2023: from Eurasian Resources Group
ERG’s Metalkol RTR releases its Clean Cobalt & Copper Performance Report 2022, assured by independent auditors, PwC
Eurasian Resources Group announces ambitious plans of green hydrogen replacement and development of wind and solar energy portfolio at Kazakhstan Foreign Investors Council
ERG’s plant in Kazakhstan awarded high rating by Toyota expert following audit in accordance with the carmaker’s Production System
Eurasian Resources Group ainsi que l'ambassade du Kazakhstan en Belgique et le consulat honoraire du Kazakhstan au Luxembourg ont accueilli un événement pour célébrer la fête de Norouz
High delegation of ERG supports Saudi Arabia for initiating a collaborative approach to future growth of mining industry at the landmark Future Minerals Forum
ERG soutient la transition mondiale vers l'énergie verte grâce à son partenariat avec le RDC-Afrique Business Forum 2021
Eurasian Resources Group and NFC China to construct a 400 ktpa special coke plant at Shubarkol Komir in Kazakhstan
ERG takes part in key panel discussion on climate change agenda in developing countries - organised by Climate Governance Initiative Russia in collaboration with Sber
SPIEF’21: The Eurasian Development Bank intends to provide financing to SSGPO, Eurasian Resources Group’s iron ore division
EV supply chain majors pilot Re|Source, a blockchain solution for end-to-end cobalt traceability
BAMIN remporte l'appel d’offres pour l’exploitation du chemin de fer FIOL, un coup de pouce au projet de minerai de fer d'ERG au Brésil
ERG among first 25 businesses to support “Terra Carta” under leadership of HRH The Prince of Wales and the Sustainable Markets Initiative
Eurasian Resources Group participe à l'organisation d'un concert au Luxembourg pour célébrer les 175 ans de la naissance d'Abaï Kunanbayev
Eurasian Resources Group Joins 1000 International Business Leaders to Pledge Support for Multilateralism as UN Turns 75
ERG’s Aktobe Ferroalloy Plant gets about 300 oxygen cylinders for city hospitals refueled on a daily basis
Eurasian Resources Group launched a separate communications channel to discuss innovative ideas with its suppliers
COVID-19 : Eurasian Resources Group soutient les employés et les opérations au Kazakhstan avec des mesures de prévention supplémentaires
Eurasian Resources Group joins Kazakhstan’s efforts to fight the coronavirus, pledges around USD 10 mil to establish a Nazarbayev-led foundation
The first ever official celebrations of Kazakhstan's Independence Day were held in Luxembourg
Eurasian Resources Group est l'une des sept sociétés minières et métallurgiques à s'associer au Forum économique mondial pour un approvisionnement responsable
Eurasian Resources Group supports inaugural Bon Pasteur child protection centre in Kolwezi for almost 1000 children to take them out of mining and provide free education and other services
L’entité Metalkol RTR d’ERG annonce la publication du premier Rapport sur sa performance en matière de cobalt propre
Eurasian Resources Group launches innovative electrostatic air filters overhaul in Kazakhstan
Eurasian Resources Group continue de promouvoir la transformation numérique grâce à de partenariats nouveaux et enrichis avec ARC Advisory Group et SAP
Eurasian Resources Group signs a major agreement for the construction of port in Brazil as part of its BAMIN project
À l'occasion du cinquième anniversaire d'Eurasian Resources Group et de l'ouverture du Consulat Honoraire de la République du Kazakhstan au Grand-Duché, un gala de réception a été organisé à Luxembourg.
Honeywell et Eurasian Resources Group signent un protocole d'accord visant à améliorer la productivité des opérations mondiales
Kazchrome atteint une production record de minerai de chrome et de ferroalliages en 2017; Pleins feux sur les réalisations en matière de développement durable
Eurasian Resources Group reçoit le titre d’« Entreprise la plus innovante du Kazakhstan »
ERG et Bahia Mineração annoncent la signature d’un protocole d’accord avec l'État de Bahia et un consortium chinois en vue du développement d’un projet intégré de minerai de fer de 20 mtpa
Eurasian Resources Group s'engage à verser des cotisations de soins de santé parrainées par l'employeur pour ses employés lors de l'introduction de l'assurance maladie obligatoire au Kazakhstan
Eurasian Resources Group élargit son Accord avec la Fondazione Internazionale Buon Pastore Onlus
Eurasian Resources Group lance l'exploitation d'un nouveau dépôt de chrome au Kazakhstan avec des réserves dépassant 3 Mt de minerai
Eurasian Resources Group lance une initiative pour soutenir l'esprit d'entreprise auprès des étudiants
Kazakhstan Aluminium Smelter se voit d?cerner le prix sp?cial ?Quality Leader? de l'Altyn Sapa Award du Pr?sident de la R?publique du Kazakhstan
Eurasian Resources Group et Eurasian Development Bank signent un contrat de financement d'un montant de 95 millions USD sur quatre ans pour la fourniture de minerai de fer
Eurasian Resources Group et China Nonferrous signent un accord strategique de ventes a long terme en vue de la livraison de concentre de cuivre provenant de la mine de Frontier en RDC
Eurasian Resources Group optimiste quant ? l?avenir de l??nergie et des ressources mondiales
Un nouveau syst?me de contr?le des proc?d?s mis en ?uvre dans la centrale ?lectrique d'Aksu.
Eurasian Resources Group participe activement ? la r?union annuelle du Forum ?conomique mondial de Davos
Les entreprises d'ERG dans la r?gion de Pavlodar impl?menteront des pratiques environnementales plus performantes
Reuters from Davos: Commodities in 'perfect storm' says ERG, as crisis starts super cycle
S&P (Platts): Metals industry needs regulation or framework to make 'green' sales viable: miners
SPIEF official magazine. Alexander Machkevitch: “Digital progress, clean energy, and ethical growth will facilitate the transition to the economy of the future”
Global Mining Review: Q&A from ERG on the role of mining in shaping the global economy post-pandemic
S&P Global FEATURE: Vertical integration, digitization needed for EV battery supply train traceability
Edie - UK businesses betting on the future of e-mobility should think about batteries today
Merkur (Luxembourg) - Covid-19: Eurasian Resources Group’s Top Managers Have Offered to Take a Temporary 30% Reduction in their Salaries
CNBC Africa - Eurasian Resources CEO reveals the biggest purchase order for the mining industry & how Africa stands to benefit
CNBC Africa - Eurasian Resources CEO: Why we are excited about Africa’s investment potential
International Mining - ERG says miners need to commit to greenfield copper projects to avoid looming shortages
Metal Bulletin - INTERVIEW: Cobalt market needs representative pricing for intermediates - Southgate
Reuters - China's Nanjing Hanrui can't be sure its cobalt did not involve child labour 12 December 2017
Mining Weekly - Electric vehicle revolution a rare investment opportunity as metals demand spikes
Coal International - Eurasian Resources Group’s Shubarkol Komir increases coal output by a third in the first nine months of 2017
S&P Global Platts - Eurasian Resources Group sees iron ore prices at $55-$65/dmt for one year
Sustainable Brands - Global Battery Alliance Aims to Eliminate Human, Environmental Toll of Global Battery Supply Chain
International Mining - ERG starts new chrome mine in Kazakhstan and hikes Frontier’s DRC copper output
Mining Review Africa - Eurasian Resources Group improves performance at its Frontier mine
Eurasian Resources Groups s'engage contre le travail des enfants dans les mines en Afrique (retranscription de l'interview de M. Sobotka pour la CNBC à Davos)
Eurasian Resources Group publishes Sustainable Development Report 2019
Eurasian Resources Group (“ERG” or “the Group”), a leading diversified natural resources group, announces the publication of its Sustainable Development Report (“the Report”) for 2019, entitled ‘Building A Sustainable Business’. The Report outlines the Group’s key achievements as well as broader sustainable development performance in order to generate long-term value for stakeholders. In 2019, ERG marked the 25th anniversary of its business in Kazakhstan and the 5th anniversary of its head office in Luxembourg.
Key highlights and milestones of the year:
Commenting on the Report, Benedikt Sobotka, ERG’s CEO, said: “Last year, we continued to embed our 2025 Strategy, placing particular focus on organisational transformation, meeting the expectations of our stakeholders, digital technology, and the enhancement of our financial position. Our key priorities are ensuring the health and safety of our people and building on our existing efforts to enhance our operational and financial resilience, which is particularly important against the backdrop of the COVID-19 pandemic.”
Looking ahead, ERG’s immediate priority remains keeping its employees and local communities safe whilst ensuring operational continuity and resilience. This is overseen by ERG’s dedicated Anti-Crisis Control Centre. Contributing to local efforts to address COVID-19 is central to ERG’s corporate mission. In 2020, in Kazakhstan alone, ERG committed more than US$10 million to the creation of a national foundation aimed at minimising the socio-economic impact of the outbreak and contributed US$230,000 to the fight against the virus in Nur-Sultan. The Group has been continuously committing resources to this cause during 2020.
Through its assets in Kazakhstan as well as Metalkol RTR and BAMIN, the Group is well-positioned to play an important role in facilitating the transition to a low-carbon economy as well as capitalising on future opportunities and growth in the aftermath of the pandemic.
More details of ERG’s sustainable development initiatives in 2019 are listed in the Appendix.
The full version of the Report can be found here.
APPENDIX. Overview of ERG’s sustainable development initiatives:
PREPARING OUR BUSINESS FOR THE FUTURE
Whilst the year presented challenging external conditions and uncertainty, the Group succeeded in strengthening its financial position through debt refinancing and the expansion of credit lines. These measures proved prescient given the economic impact of the COVID-19 pandemic. At the same time, progress was made in preparing the business for the future in line with ERG’s 2025 Strategy. This was reflected, amongst other initiatives, in the rollout of the ERG Way Production System in Kazakhstan focused on improvements across ERG’s operational performance and working culture as well as savings of $68 million, resulting from a range of operational efficiency measures.
The Group maintained positive momentum in the ramp-up of Phase I of the Metalkol RTR, an operation to reprocess historic tailings in the Democratic Republic of the Congo (DRC), and initiated Phase II of development, setting the project on course to become a world-leading producer of cobalt. In 2019, ERG started to sell cobalt hydroxide from Metalkol RTR to major refineries in China.
As part of the Workshop No. 6 major renovation project at the Aksu Ferroalloys Plant in Kazakhstan, ERG commissioned furnace No. 64. This is expected to improve workshop productivity, reduce energy consumption and emissions to air.
The life of mine at Frontier in the DRC is expected to be extended to 2024 as a result of the continued expansion of the open pit – referred to as Cut 3 – and in combination with the processing of ore stockpiles.
In support of its strategic vision, the Group launched ERG Capital Projects to ensure excellence in project delivery, and ERG Recycling, a company dedicated to reprocessing industrial waste.
In addition, 2019 saw the completion of ERG’s Digital Strategy at the Group level, which will guide the business in how it applies digital technology to increase the efficiency of the business and move ERG further towards Industry 4.0.
HELPING OUR PEOPLE THRIVE
The Group is committed to achieving Zero Harm and recognises that further improvements are required in this regard. ERG’s efforts in delivering a safe, productive and stable working environment are reflected in the completion of comprehensive audits of the safety management systems at the Group’s operations in Kazakhstan, as well as the initiatives to reinforce the integrated Safety, Health and Sustainability (SHS) management system in Africa. In Brazil, the company continued to implement new training programmes for high-risk activities at BAMIN.
In early 2020, due to the COVID-19 pandemic, the Group took extensive measures to keep its people and local communities safe.
ERG also furthered its long-standing commitment to the professional development of its staff, ensuring they meet the current and future skills requirements, as well as promoting opportunities for young people in Kazakhstan. In 2019, this included supporting the launch of the of New Professions and a steadfast commitment to the Student Entrepreneurship Ecosystem Programme. In Brazil, ERG continued to implement its Mining Talent programme at Porto Sul to provide local communities with technical training and improve access to employment opportunities.
As part of its new Environmental Strategy in Kazakhstan, ERG progressed a 10-year, approximately US$350 million programme, to reduce its emissions to air. Over the last year, this included a set of initiatives at Kazchrome’s Aksu Ferroalloy Plant; commissioning filter upgrades at Aluminium of Kazakhstan’s sintering shop and developing a staged filter upgrade programme at Aluminium of Kazakhstan’s power station.
In 2019, ERG implemented a Group-wide, internally managed risk assessment of its large-scale waste storage facilities. This prompted the development of a management action plan, as well as the engagement of third-party international experts to support the Group’s risk management efforts. As part of this, ERG initiated a risk assessment programme covering 14 existing facilities in Kazakhstan, including Aluminium of Kazakhstan’s sludge storage facility in Pavlodar; commissioned a third-party risk review of its new tailings storage facility (TSF) at Metalkol RTR; and had all tailings storage facilities in Africa risk assessed by independent specialists. The Group achieved an extension of the environmental permit at its BAMIN iron ore mine, despite a significant toughening of regulation post-Brumadinho. Prior to that, the Group changed the tailings storage facility design at BAMIN from an upstream to a safer, more stable downstream model.
COMMUNITY DEVELOPMENT AND WELL-BEING
ERG places great importance on the socio-economic development of its communities and countries of operation. Amongst its initiatives is the launch of ERG’s three-year regional development programme in Kazakhstan, which will be supported by the ERG Town programme. The latter gives employees and, over the long-term, local communities an opportunity to shape local development priorities.
Furthermore, in recognition of how digital technology can act as a catalyst for economic, social and cultural growth, ERG partnered with the Digital Ventures Fund to engage with innovative start-ups in Kazakhstan and enable local communities to use technology to meet their needs.
In Africa, through its support of the Good Shepherd International Foundation in the Democratic Republic of the Congo, ERG has helped to protect 2,263 children from child labour in the course of three years and helped fund the construction of a new Child Protection Centre. The Centre accommodates up to 1,000 children from ASM communities.
The Group also began supporting international NGO Pact and their ‘Children out of Mining – Northern Kolwezi’ project with 120 young people aged between 15 and 17 set to receive training and assistance to transition out of mining into alternative employment. The project also aims to raise awareness and educate young adults about the dangers of child labour through a range of tailored interventions focused on tackling the risks they may face in ASM communities.
OUR RELATIONSHIP WITH BROADER SOCIETY
In 2019, ERG distributed a total of US$4,183 million to its stakeholders – including to host governments, employees, communities, suppliers and finance providers.
ERG also made major progress in maintaining a responsible supply chain, helping provide assurance to customers and other downstream stakeholders. This included the adoption of ERG’s Group Supplier Code of Conduct as well as the first independent, third-party assurance of its Clean Cobalt Framework at Metalkol RTR. ERG’s participation in the Global Battery Alliance, of which ERG is a founding member and co-chair, World Economic Forum’s Metals and Mining Blockchain Initiative, as well as the Cobalt Institute further supports the Group’s efforts in this area.