Eurasian Resources Group enters into a principal agreement with China's NFC to complete the construction of its project in Africa; EXIM and ICBC to support the financing, Sinosure to provide the insurance
Shubarkol Komir JSC is one of Kazakhstan's largest thermal coal producers. Due to its high calorific value and low ash content, Shubarkol coal is rightfully considered to be a clean energy source.
Established in 1983
The entity covers of 25% fuel needs of Kazakhstan in the domestic sector.
The entity operates two open pit coal mines: Centralny and Zapadny. Coal production reached a maximum in 2014, when it totalled 9.3 million tonnes. The entity put into operation Sary-Arka Spetskoks LLP, a plant specializing in production of special coke, which is used as a reducing agent in the ferroalloy industry of Kazakhstan.