Credit: ERG
On Tuesday 22 April 2025, Luxembourg-headquartered mining company Eurasian Resources Group (ERG) issued a statement in which it refuted claims that it was considering selling the company.
In response to "a number of media speculations" in recent weeks, including claims that US investor James Cameron had offered to buy the diversified natural resources group, Shukhrat Ibragimov, Chairman of the ERG Board of Directors and its Chief Executive Officer, stated there are no negotiations on the sale of ERG: "ERG is definitely not for sale."
He said the company's management is "fully committed to further consistent, sustainable development" of the group, adding that there are "no changes to business as usual".
ERG added that, at the end of 2024, its Board of Directors adopted a new strategy aimed at further development and investment in ERG's enterprises and the company has been implementing it. The statement concluded that ERG's focus on long-term growth and creating value for all stakeholders of the group remains unchanged.
