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 landlocked country primarily in Central Asia, with a European Kazakhstan, small portion in Eastern Europe. It borders Russia to the Kazakhstan–Russia border, north and west, China to th ...

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

and

Central Africa Central Africa (French language, French: ''Afrique centrale''; Spanish language, Spanish: ''África central''; Portuguese language, Portuguese: ''África Central'') is a subregion of the African continent comprising various countries accordin ...

. 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 of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability co ...

), which was delisted from the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and

Kazakhstan Stock Exchange The Kazakhstan Stock Exchange (KASE; ) is a stock exchange located in Almaty, Kazakhstan. The exchange was founded in 1993. History On November 15, 1993, Kazakhstan introduced its own currency, the tenge. The next day, November 17, 1993, the N ...

. Major shareholders of the company include the

Republic of Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a landlocked country primarily in Central Asia, with a European Kazakhstan, small portion in Eastern Europe. It borders Russia to the Kazakhstan–Russia border, north and west, China to th ...

(40%),

Alexander Mashkevitch Alexander Antonovich Mashkevich (; also transliterated Alexandr Mashkevic; ; 23 February 1954 – 22 March 2025) was an Israeli-Kazakh businessman and investor who had major holdings and close political relationships in Kazakhstan. He held both ...

Patokh Chodiev Patokh Chodiev (; ''Fáttoh Kayúmovich Shódiev''; born 15 April 1953) is a Belgian-Uzbek oligarch and philanthropist. He enriched himself in the aftermath of the collapse of the Soviet Union, as he, Alexander Mashkevich and Alijan Ibragimov, ...

and the heirs of

Alijan Ibragimov Alijan Rahmanuly 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 K ...

History

The

(ENRC) was taken private in 2013 amid falling share price and ongoing investigation from the UK Serious Fraud Office. In August 2023, after latest review of the investigation, the UK Serious Fraud Office concluded that it has insufficient admissible evidence to prosecute, and closed the case. At the beginning of 2014 the company restructured, introducing new corporate governance and compliance policies and new management. Projects included cobalt mining in Africa and an expanded aluminum plant in Kazakhstan. In mid 2024 ERG appointed Shukhrat Ibragimov as its new CEO. The former CEO of ERG, Benedikt Sobotka, stepped down after ten years in this role.

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 Ferrochrome by chrome content. ERG supplies electricity in Central Asia, also being a large railway operator in the region. In Kazakhstan, the group's major assets include: TNC Kazchrome, 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 Pedra de Ferro iron ore production complex and the Porto Sul deep water port, both of which are in the State of Bahia, and the first stretch of the FIOL transcontinental railway. Since 2014 the Group sold assets worth about US$1 billion, including zinc mines to

Glencore Glencore plc is an Anglo-Swiss Multinational corporation, multinational commodity trading and mining company with headquarters in Baar, Switzerland, Baar, Switzerland. Glencore's oil and gas headquarters are in London, London, England as well a ...

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