ERG logo;
Credit: ERG
The Eurasian Resources Group (ERG), a natural resources group headquartered in Luxembourg, has signed an agreement to acquire Manganese Zhairema JSC whose primary business operations involve mining and processing of manganese ore.
After staffing production facilities at Manganese Zhairema JSC and restructuring the site’s key assets, communications services and infrastructure, ERG plans to bring the facility to its maximum ore mining capacity and in the long term, further process this into manganese concentrate.
Around 350 jobs will be created at the enterprise.
Benedikt Sobotka, CEO of ERG, said: “Manganese Zhayrema JSC is an attractive manganese asset, and this acquisition reflects ERG’s overall focus on making our business more vertically integrated, developing our raw materials base and further increasing the efficiency of our ferroalloys division. We plan to fully integrate this enterprise into the Group, including through the implementation of the ERG Way Production System, whilst following responsible supply practices across the value chain and meeting high ESG standards."
About ERG
ERG operates in mining, processing, energy, logistics and marketing sectors across fifteen countries. It is also the world’s largest high-carbon ferrochrome producer by chrome content and among the principal copper and cobalt suppliers. It is one of the largest suppliers of alumina and iron ore in Eurasia as well and the only producer of high-grade aluminium in the Republic of Kazakhstan.
In Kazakhstan, ERG represents one third of the metals and mining industry and in Africa, ERG mines and processes copper and cobalt ore and produces copper and cobalt hydroxide.
It is a key power supplier and a large railway operator in Central Asia. It has recently launched Metalkol Roan Tailings Reclamation (RTR), a major tailings reprocessing operation in the Democratic Republic of the Congo.
