Eurasian Resources Group (ERG) S.à r.l. is a large mining and raw materials supplier with operations in

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...

and

Central Africa Central Africa is a subregion of the African continent comprising various countries according to different definitions. Angola, Burundi, the Central African Republic, Chad, the Democratic Republic of the Congo, the Republic of the Congo ...

. In its current form, the company began in December 2013 after it acquired the

Eurasian Natural Resources Corporation Eurasian Natural Resources Corporation PLC (ENRC) was a public, Kazakhstan/Central African-focused, multinational leading diversified natural resources company headquartered in London, United Kingdom. It had activities in integrated mining, proc ...

(previously a

public limited company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be fre ...

), which was delisted from the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

and

Kazakhstan Stock Exchange The Kazakhstan Stock Exchange (KASE; kk, Қазақстан қор биржасы, ''Qazaqstan qor bırjasy'') is a stock exchange located in Almaty, Kazakhstan. The exchange was founded in 1993. History On November 15, 1993, Kazakhstan introd ...

. Major shareholders of the company include the

Republic of Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbekis ...

(40%) and the "trio" of Kazakh oligarchs Alexander Mashkevitch,

Alijan Ibragimov Alijan Ibragimov (also known as Alidjan or Alidzhon Ibragimov; 5 June 1953 – 3 February 2021) was a Kazakh oligarch of the Uyghur descent. He was born in Fergana, Uzbek SSR, and was a member of a well-known circle of oligarchs in Kazakhstan kno ...

, and

Patokh Chodiev Patokh Chodiev (russian: Фа́ттох Каюмович Шо́диев; ''Fáttoh Kayúmovich Shódiev''; born 15 April 1953) is a Belgian-Uzbek oligarch. He enriched himself in the aftermath of the collapse of the Soviet Union, as he, Alexand ...

History

The

(ENRC) was taken private in 2013 amid falling share price and ongoing criminal investigation of ENRC from the UK Serious Fraud Office. ERNC's counter-suit that the investigation was conducted improperly was dismissed in 2022. At the beginning of 2014 the company restructured, introducing new corporate governance and compliance policies and new management. In 2017, the company secured $2.5 billion in financing from Chinese banks as part of the Belt and Road Initiative. Projects included cobalt mining in Africa and an expanded aluminum plant in Kazakhstan. Alexander Machkevitch is Chairman of the Board of Managers of Eurasian Resources Group and Mr Benedikt Sobotka is Chief Executive Officer.

Operations

Eurasian Resources Group owns fully integrated mining, processing, energy production, logistics and marketing operations. With a product portfolio in steelmaking materials, non-ferrous and energy, it is the world's largest producer of Ferro chrome by chrome content. ERG supplies electricity in Central Asia, where they are also a large railway operator. In Kazakhstan, the group's major assets include: TNC Kaz chrome, Sokolov Sarbai Mining Production Association (SSGPO), Aluminum of Kazakhstan (AOK), Kazakhstan Aluminum Smelter (KAS), Eurasian Energy Corporation (EEC), Shubarkol Komir and Trans Com. In Africa, ERG owns production and development stage assets in the Democratic Republic of Congo (DRC), Zambia, Zimbabwe, South Africa, Mozambique and Mali. In Brazil it develops the Piedra de Ferro iron ore production complex and the Porto Sul deep water port, both of which are in the State of Bahia. Since 2014 the Group sold assets worth about US$1 billion, including zinc mines to Glencore.

References

External links

Official websiteEurasian Resources Group in KazakhstanEurasian Resources Group in Brazil: Bahia MineraçãoBloomberg: Company Overview of Eurasian Resources Group S.à r.l.Eurasian Resources Group is a strategic partner associate of the World Economic Forum
{{Clear Companies established in 1994 Metal companies of Luxembourg Iron ore mining companies