Eurasian Resources Group

ERG takes great pride in supporting its local communities! Frontier – one of our key assets in the DRC – has donated agricultural equipment to six local communities, helping to stimulate the local business environment and enhance food security. As part of this initiative, ERG Africa will provide training to develop skills and create a sustainable farming model that will deliver long-term benefits for host communities. Find more here: https://lnkd.in/ekDHwwV6

Today is Kazakhstan’s Republic Day! On behalf of the ERG employees working across four continents, we would like to wish good health, happiness and prosperity to our colleagues in Kazakhstan and all those who are celebrating. Kazakhstan is ERG’s motherland and we are proud to support the growth and sustainable development of this great country. ERG Kazakhstan ERG Africa BAMIN

We are very pleased that Eurasian Resources Group (ERG) has become a corporate member of the IMA | Institute of Management Accountants. At ERG, we remain steadfast in our commitment to invest in fostering talent and nurturing professional development as well as strengthening our organisational capabilities. Through joining the IMA global community, we are helping to advance the skills and enrich the expertise of our colleagues in finance and management accounting. Special thanks to our colleagues from the IMA, led by Alain Mulder, for all their advice and efforts in establishing this collaboration. We look forward to all the opportunities this key partnership will bring, including exclusive excess to the IMA On-Demand Course Library.

Great news and a significant milestone for both ERG Africa and the whole Group! Metalkol is the first tailings reprocessing site to commit to The Copper Mark assurance process, which reflects our continual adherence to the highest sustainability standards as well as our contribution to the responsible development of the mining sector.

We are very pleased to announce that at the 2024 EFMD Global Excellence in Practice Awards in London, Eurasian Resources Group Corporate University has won gold in the ‘Professional Training’ category – the first Kazakh institution to receive such a recognition. 40 leading companies, including Google, KPMG, Bayer & IMD, also participated in the contest. At the awards, Eurasian Resources Group presented their winning entry: simulators developed by OPEREX LLP which have been introduced into the professional training of dump truck drivers at ERG’s production facilities. The simulator software has been programmed to replicate an operating mining enterprise – various routes, road features in different weather conditions - which significantly increases the effectiveness of training and allows drivers to practice navigating emergency situations. The system, which works around the clock, offers a comprehensive solution to improve safety, reduce operational costs and increase productivity. Moreover, the training program also reduces carbon emissions through significant fuel savings and reduced tire consumption. Thank you to our colleagues in Kazakhstan: Акмарал Найзабекова, Valentina Satarova and Ruslan Izmukhambetov for their invaluable efforts, dedication and contributions to this project. More information about the University is available here: https://lnkd.in/eZx6zkAn Innovation is key to sustainable development, and we are proud of our role in further increasing efficiencies and driving digitalisation and sustainable development in the metals and mining sector.

We are delighted to share that Shukhrat Ibragimov has been appointed the new CEO of Eurasian Resources Group. Shukhrat has been working at ERG for a decade and is deeply dedicated to our values and people. He started on the shop floor and has broad expertise from production planning, technology, finance and strategic development, to extensive top-level roles. These include Shukhrat’s tenure as Chairman of the Supervisory Board of ERG Kazakhstan, First Deputy CEO of Eurasian Resources Group, a Member of the ERG Board of Directors and, most recently, Chairman of the Board of Directors. As we welcome Shukhrat, we also extend our gratitude to Benedikt Sobotka, who has stepped down as CEO after over a decade of dedicated service. Under Benedikt’s leadership, ERG has achieved remarkable growth and success, including the launch of the Metalkol RTR project, one of the world’s leading sustainable cobalt producers, and the founding of the Global Battery Alliance, the largest multi-stakeholder consortium in the energy storage space. In Kazakhstan, among other successes, the Group commissioned the ERG Green chromium tailings reprocessing facility and started building a wind power plant. The appointment of Shukhrat Ibragimov as the Group CEO marks an exciting new chapter for ERG which is committed to advancing its operations and further enhancing its contribution to responsible resource development. The whole team at ERG is wishing Shukhrat every success as the Group continues to fulfil its mission to drive positive change as a global industry leader.

Last week, Joachim Nzuzi, Chief of Staff at ERG Africa, brilliantly chaired the opening session of the DRC - Africa Battery Metals Forum, the leading conference for the African battery metals industry. With the African continent home to 30% of the world’s mineral reserves, and the DRC in particular producing 70% of the world’s cobalt, this region is key to meeting the world’s decarbonisation goals. However, it is important to ensure that the continent also benefits from the opportunities these minerals offer. Gathering all actors operating in the sector, the forum acts as the perfect driving force behind the establishment of the battery manufacturing industry in the DRC. At ERG, we are proud to be playing our part by supplying critical raw minerals sustainably and responsibly, and will continue to collaborate with industry stakeholders to ensure the realisation of a just energy transition.

We are pleased to partner with Glencore and the London Branch of the Bank Of China (UK) Limited to have arranged a pre-export finance facility agreement. The facility, supported by supply of copper cathodes produced by Eurasian Resources Group’s Metalkol, will help to meet the growing demand for the critical minerals needed to power the green energy transition. This further cements Eurasian Resources Group’s strong portfolio of commercial contracts with global partners and the Group's continued strategy to contribute to economic growth in the DRC - the country, which has recently become the world's second largest copper producer, with further potential. Jyothish George, Mital Patel, Nicolas Treand, Leo Tuzenko, Paul Waller https://lnkd.in/eM-3kTkN

Delighted to continue our support in Africa, also to boost the potential for local entrepreneurs in the DRC and for Lualaba to become a hub of innovation. We have recently held an interactive workshop for entrepreneurs with ERG Africa's CEO and the Governor of the Lualaba Province to promote skills and learning. #entrepreuneurs #lifetimelearning #Lualaba #economicgrowth #DRC

Our colleagues in the DRC were honoured to welcome His Excellency Mr. Kizito Pakabomba, the National Minister of Mines of the DRC from Ministère des Mines - RDC, to our Metalkol operation in Lualaba Province of the DRC. This official visit marks a significant step towards our shared vision for the sustainable development of the mining sector in the DRC and beyond.   During the visit, Minister Pakabomba and his delegation toured our copper and cobalt tailings reprocessing site, where they observed our innovative hydromechanical mining technology. The discussions focused on our commitment to responsible and ethical production, aligning with international environmental standards.   Through our operations at Metalkol, we are creating local employment, improving the conditions of surrounding communities and developing technology and skills for Congolese people. Ministère des Mines - RDC #Sustainability #Mining #DRC #ERG #Metalkol #Innovation #EnergyTransition #ResponsibleMining