Eurasian Resources Group’s BAMIN announces winner to execute works in export logistics corridor in Bahia
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, along with the Embassy of Kazakhstan to Belgium and the Honorary Consulate of Kazakhstan in Luxembourg, hosts event to celebrate Nauryz
High delegation of ERG supports Saudi Arabia for initiating a collaborative approach to future growth of mining industry at the landmark Future Minerals Forum
Eurasian Resources Group reinforces its commitment to responsible supply chains, launches a dedicated website section
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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
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EV supply chain majors pilot Re|Source, a blockchain solution for end-to-end cobalt traceability
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Eurasian Resources Group co-hosts concert in Luxembourg to mark 175 years to Abai 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 supports employees and operations in Kazakhstan with additional prevention measures
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 One Of Seven Mining and Metals Companies Partner on Responsible Sourcing with World Economic Forum
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
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Eurasian Resources Group signs a major agreement for the construction of port in Brazil as part of its BAMIN project
Gala reception in Luxembourg marks Eurasian Resources Group’s five-year anniversary and the opening of the Honorary Consulate of the Republic of Kazakhstan in the Grand Duchy
Honeywell and Eurasian Resources Group sign Memorandum of Understanding to enhance productivity of Global Operations
Kazchrome Achieves Record-High Chrome Ore Output and Ferroalloys Production in 2017; Highlights Sustainable Development Achievements
ERG and Bahia Mineração announce signing of MoU with State of Bahia and Chinese consortium to develop 20 mtpa integrated iron ore project
Eurasian Resources Group commits to paying employer-sponsored health care contributions for its employees during the introduction of mandatory health insurance in Kazakhstan
Eurasian Resources Group extends its Agreement with the Fondazione Internazionale Buon Pastore Onlus
Eurasian Resources Group starts mining at a new chrome deposit in Kazakhstan with reserves exceeding 3 Mt of ore
Kazakhstan Aluminium Smelter is awarded the special Quality Leader prize of the Altyn Sapa Award of the President of the Republic of Kazakhstan
Eurasian Resources Group and Eurasian Development Bank sign a $US95M four year prepayment agreement for iron ore supply
Eurasian Resources Group and China Nonferrous enter into a strategic long-term sales agreement for the delivery of copper concentrate from the Frontier mine in the DRC
Eurasian Resources Group actively participates in the World Economic Forum Annual Meeting in Davos
Fastmarkets: ERG aims to maximize benefits of energy efficiency in drive to net zero ferro-chrome production
Wall Street Journal: Global Battery Alliance Creates Digital Passport to Enhance Battery Transparency
EU Reporter: Eurasian Resources Group to invest USD 230m in building the most powerful wind power plant in Aktobe, Kazakhstan
EUReporter: Young mining and metals specialists from Europe meet their African, Brazilian and Kazakhstan's counterparts at ERG’s inaugural Group-wide Youth Forum
Modern Mining: ERG supports transition towards green energy with DRC-Africa Business Forum partnership
EU Reporter: ERG participates in roundtable discussions on Kazakhstan-Belgium-Luxembourg cooperation
International Mining: Astec’s Osborn completes major crusher &feeder order for Kyrgyz Jerooy gold project
CNBC Africa - Eurasian Resources CEO speaks on COVID-19 impact on business & demand for battery metals amid global lock-downs
Global Mining Review - Eurasian Resources Group joins Kazakhstan’s efforts to fight COVID-19
Press conference, Benedikt Sobotka, CEO of ERG: Global Battery Alliance Pledge for Action
World Economic Forum - Decade of the Battery: Sustainable Batteries Represent the Best Prospect for Meeting Paris Climate Goals
Business Matters - Eurasian Resources Group: General Partner of the World Team Chess Championship in Kazakhstan
The World Economic Forum - Benedikt Sobotka/Martin Brudermüller: Batteries can power sustainable development. Here’s how
Mining Weekly - ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion
Metal Bulletin - ERG will raise alumina powder output in 3D manufacturing-focused pilot scheme
Metal Bulletin - ERG works with WEF to launch Global Battery Alliance for ethical cobalt supply chain
Mining Review Africa - Eurasian Resources Group extends SHEC agreement in Democratic Republic of Congo
Benedikt Sobotka, CEO of Eurasian Resources Group, explains ERG’s outlook on global commodity markets
WorldNews - Future challenges of the chrome industry discussed at the ICDA members conference in Kazakhstan
Eurasian Resources Group publishes Sustainable Development Report 2018
Eurasian Resources Group (“ERG” or “the Group”), a leading diversified natural resources group, is pleased to announce the publication of its Sustainable Development Report (“the Report”) for 2018. The Report highlights further progress in achieving long-term sustainability, which lies at the heart of the Group’s business strategy.
In Kazakhstan, ERG continued to improve its operational performance, supported by – amongst other things – ongoing business transformation, operational efficiency initiatives and the development of its portfolio.
Commenting on the report, Benedikt Sobotka, CEO of ERG, said: “We are focussed on ensuring that our business is in a position to generate value well into the future and for our multiple stakeholders and we have seen a plethora of positive milestones in 2018. Building on our Strategy, we were pleased to join the UN Global Compact at the beginning of 2019 and support key UN initiatives including the Sustainable Development Goals.”
The business’s vision, captured by ERG’s 2025 Strategy, is being supported not only by the Group’s Corporate Values but also by the continuous cultural transformation at the workplace level. ERG has been working closely with international organisations such as the World Economic Forum to champion sustainability and encourage reform across the industry via its involvement with platforms including the Global Battery Alliance and the Partnership Against Corruption Initiative (PACI).
In 2018, as part of the Group’s focus on enhancing overall business efficiency to prepare for the future, a number of continuous improvement programmes were ongoing. These included the ERG Production System, which supports efficiency across the product lifecycle, and the ERG Business System aimed at enhancing business processes. The Group formed a dedicated company, ERG Capital Projects, to support effective project execution and adopted a new, enhanced approach to project due diligence and mine planning. ERG also hosted a regular Innovators’ Forum and further rolled out its Ideas Factory concept collecting ideas from more than 3,000 employees and accepting over 1,600 of them.
The business continued to make improvements to the workplace culture in its enterprises aiming to achieve Zero Harm. In 2018, the LTIFR (lost time injury frequency rate) among ERG’s employees decreased by 15.9% year on year. 13.2 million consecutive LTI-free hours were achieved during the construction phase of Metalkol RTR, a major cobalt and copper operation in the Democratic Republic of the Congo (DRC).
The Group continued to make structural preparations to bring its business in line with the Fourth Industrial Revolution, including a focus on data analytics and the digitalisation of production. To this end, work was underway to implement a single Manufacturing Execution System (MES). ERG launched a pilot project to implement a blockchain-based solution on the IBM Platform to enhance the traceability of its cobalt across the metal’s global supply chain. In Kazakhstan, the Group also developed a partnership with Astana International Financial Centre and its IT and start-up platform, Astana Hub, which incorporates its initiatives to foster new digital solutions that can support ERG’s business.
As part of the global energy transition, ERG commissioned Metalkol RTR, which produces copper and cobalt, products that are key for the global lithium-ion battery sector. The facility will help to improve the local environment via the decontamination of historical tailings in the area. At Metalkol RTR, in line with the principles of responsible production, ERG introduced its Clean Cobalt Framework, an innovative initiative, which comprises seven goals to tackle potential challenges in the production and supply chain, including child labour.
Aiming to help children in the DRC to transition out of mining, the Group also continued to advance its support for the work of the Good Shepherd International Foundation (GSIF) and to the rollout of the ‘Children Out of Mining – Northern Kolwezi’ programme by Pact, an international NGO. As part of cooperation with GSIF, 1,929 children received protection and around 300 women and 200 girls gained trainings for alternative livelihood skills.
ERG’s commitment to responsibility also relates to avoiding and minimising potential negative environmental impacts across various product segments and regions. In 2018, ERG developed a new long-term Air Emissions Strategy, intended to bring the Group’s assets in Kazakhstan closer in line with the EU air quality standards. Energy-saving measures applied across the Group’s operations in Kazakhstan under its 2016-2020 Energy Efficiency Programme resulted in a total reduction in consumption of 2,000Tj of energy in 2018.
In 2019, ERG completed internal risk assessments of tailings dams and defined an action plan, which includes the engagement of third party expertise to support the Group’s risk management efforts. In Brazil, the planned tailings dam at ERG’s Bahia Mineração (BAMIN) integrated iron ore and logistics project was amended from an upstream to a downstream design.
The Group has continued to make a contribution to the socio-economic development and well-being of communities in its key operating regions. In Kazakhstan, STEM laboratories supported by ERG will benefit 9,000 pupils. The Group also encourages young people and job creation through its Student Entrepreneurship Ecosystem Project, which is now operating in nine universities and colleges and saw the participation of 5,000 students.
A similar emphasis on benefitting local communities is also reflected through the Group’s initiatives in Africa and Latin America. In the DRC, ERG is working to expand access to high-quality education but also to improve potable water distribution, thus helping to address major challenges facing local communities. In 2018, the Group invested US$582,000 to provide potable water to local communities using wells and solar-powered water distribution facilities. As part of its agriculture programme, around 500 community members were provided with seeds, equipment and technical support.
In Brazil, ERG also advanced efforts to address clean water shortages and provided 15 households with access to clean water for agricultural use.
The full version of the Report can be found here: https://www.eurasianresources.lu/uploads/1/files/20077_ERG_SR%20ENG%20web2.pdf
Details of ERG’s sustainable development journey from 2018 are listed below:
Preparing our business for the future
Helping our people thrive
Community development and wellbeing