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Eurasian Resources Group

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Eurasian Resources Group S.à r.l.
Company typePrivate company
IndustryMetals and Mining
Founded2013
Headquarters
Luxembourg, Grand Duchy of Luxembourg
Products2015 Sales Data: Ferroalloys (1.6 million tonnes) Iron ore products (10.8 million tonnes) Alumina (1.0 million tonnes) Aluminium (213 thousand tonnes) Copper (112.5 thousand tonnes) Cobalt (5.1 thousand tonnes) Steam coal (14.5 million tonnes) Electricity (production - 14.7 GWh).[1]
Number of employees
Over 75,000, more than 80,000 including contractors (2015) [1]
Websitewww.eurasianresources.lu

Eurasian Resources Group (ERG) S.à r.l. is a leading diversified natural resources producer.[1][2] Since the corporation's foundation in 1994, ERG has become one of the world's leading mining and smelting groups.[3]

At the beginning of 2014 the company restructured,[4] introducing new corporate governance and compliance policies and new management.[1]

Alexander Machkevitch is Chairman of the Board of Managers of Eurasian Resources Group and Mr Benedikt Sobotka is Chief Executive Officer.[5] Mr Sobotka is a former member of the Boston Consulting Group (BCG) and has advised multiple leading companies globally.[6]

Eurasian Resources Group owns fully integrated mining, processing, energy production, logistics and marketing operations.[7] With a product portfolio in steelmaking materials, non-ferrous and energy,[1] it is the world's largest producer of ferrochrome by chrome content.[2][8] ERG also supplies electricity and is a large railway operator in Central Asia.

TNC Kazchrome, Sokolov-Sarbai Mining Production Association (SSGPO), Aluminium of Kazakhstan (AoK), Kazakhstan Aluminum Smelter (KAS), Eurasian Energy Corporation (EEC), Shubarkol Komir and TransCom are the Group's major assets in the Republic.[1]

ERG owns production and development stage assets in the Democratic Republic of Congo (DRC), Zambia, Zimbabwe, South Africa, Mozambique and Mali.[9]

In Brazil it develops the Pedra de Ferro iron ore production complex and the Porto Sul deep water port (both - State of Bahia).[1]

Since 2014 the Group sold assets worth about US$1 billion, including zinc mines to Glencore.[4]

Eurasian mining has been ranked as among the 14th best of 92 oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic.[10]

References

  1. ^ a b c d e f g "ERG webpage". Eurasian Resources Group. Retrieved 5 December 2016.
  2. ^ a b "RFCA Ratings. Mining and Metals Industry of the Republic of Kazakhstan 2015" (PDF). RFCA Ratings. Retrieved 18 December 2016.
  3. ^ "Kazakhstan webpage". ERG Kazakhstan. Retrieved 5 December 2016.
  4. ^ a b "ERG taps China for more than $2.5bn of new project financing". Financial Times. Retrieved 15 December 2016.
  5. ^ "Luxembourg Economic Mission to China". Luxembourg Economic Mission to China. Retrieved 7 December 2016.
  6. ^ "World Economic Forum". World Economic Forum. Retrieved 15 December 2016.
  7. ^ "Aluminium of Kazakhstan boosts investment in expansion projects 10% in 2016". Interfax. Retrieved 7 December 2016.
  8. ^ "World Economic Forum. Eurasian Resources Group". World Economic Forum. Retrieved 17 December 2016.
  9. ^ "Africa central to future growth. Mining Weekly". Mining Weekly. Retrieved 14 December 2016.
  10. ^ Overland, Indra (2016). "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic". ResearchGate. Arran. Retrieved 2 August 2018. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
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