Eurasian Resources Group

Last week, we were thrilled to be back at DRC Mining Week again. This is a pivotal event for the mining sector, providing the opportunity to connect with industry peers, suppliers, policymakers, and stakeholders focused on sustainable growth. 🌟 Isabel Ramírez, ERG Africa’s Chief Commercial Officer, participated on the Power panel, highlighting its vital role in the future of mining and ERG Africa's contributions to the DRC energy sector. Representing the Group, Joachim Nzuzi, ERG Africa’s Chief of Staff, shared our vision for a future where mining and society grow together, emphasising the importance of cooperation over competition. 🙏 Thank you to our team and the organisers of #DMW2024 for making our participation impactful and meaningful. #Mining #Communities #SustainableDevelopment #Collaboration #TeamERG #EconomicGrowth #ESG

World Environment Day provides an opportunity to recognise the environmental emergency and join the communities, organisations, businesses and countries working together to restore our planet.   By bringing up the Earth’s precious metals and minerals necessary for the energy transition, the mining industry both takes from and gives back to the natural capital. This entails a responsibility for us to pursue a continual improvement in our environmental performance.   I am pleased that Eurasian Resources Group (ERG) is playing its part: we have committed to net zero by 2050 in Kazakhstan, aim to plant around 420,000 trees in Kazakhstan by 2025, and consistently conduct air and water quality monitoring at our operations across Africa and Brazil.   The Global Battery Alliance (GBA), which was co-founded by ERG and is the largest multistakeholder consortium in the energy storage space, has been working to raise the standard of environmental practices along the battery value chain. The adoption of electrics vehicles is key to meeting our decarbonisation goals, and the launch of the Greenhouse Gas Rulebook Version 2 in December and new working groups to develop more sustainability standards, are vital for increasing transparency and sustainability in a critical supply chain.   In the words of the UN Environment Programme, will you join Generation Restoration?    #GenerationRestoration #energytransition #mining

At ERG Africa, we believe in the power of collaboration to drive sustainable development within our communities. 🌍 Yesterday, our team at Frontier held a special event to present ceremonial loincloths (a symbol of respect and gratitude for women in the Congolese culture) honouring 102 women, including members of the widows’ committee, the elderly, and women living with disabilities from the Kabumba, Kaloko, Kimfumpa, Lukangaba Customs, Lukangaba Mashimu, and Sakania communities. Bringing together community members, local government leaders and Frontier employees, the event also served as a platform to discuss the important role women play in steering the sustainable development of our communities. #TeamERG #Community #CommunityEngagement #SustainableDevelopment #Dialogue #Empowerment #WomenInCommunity

In recent weeks, Kazakhstan has been hit by the worst floods in decades. Eurasian Resources Group, which originated in Kazakhstan and operates many of the country’s major strategic enterprises, has committed to assisting with the much needed flood relief efforts. The Group has pledged to donate KZT 500 million to help mitigate the impact of the floods and support the residents of the affected regions. In addition, ERG has also deployed its own specialised equipment to aid relief efforts and I applaud the colleagues from across our operations who have volunteered to provide effective help to local communities. To read more about ERG’s support, click here: https://lnkd.in/e63T8HcF

I am pleased to inform that Eurasian Resources Group has signed an agreement with Mechema Chemicals International Corp and Marubeni Corporation to explore the potential supply of cobalt hydroxide (up to 3ktCo per annum), and the production and marketing of cobalt sulfate for the Japanese market. This market is showing a substantial growth in cobalt demand due to a global surge in EV adoption. This agreement underscores ERG’s role as a global cobalt player and the company’s willingness to have a strategic presence in all key battery materials supply chains. Japan is one of the leaders in the production of battery materials and clean energy technologies and the supply of cobalt to its market by ERG will support the green energy transition and the global agenda to reach net zero by 2050. We look forward to working with Marubeni and Mechema on this new opportunity.

Today is Eid al-Fitr – the festival of breaking the fast – and marks the end of Ramadan. At ERG, we wish all colleagues and their families who are celebrating a blessed Eid!

Eurasian Resources Group (ERG) and Electra Battery Materials Corporation have signed a three-year cobalt supply agreement, which will see ERG delivering 3,000 tonnes per annum of IRA-compliant cobalt to Electra’s refinery north of Toronto.   The cobalt will come from our Metalkol operation in the DRC, one of the largest cobalt producers in the world, and conforms with the Responsible Minerals Assurance Process (RMAP). Once the refinery in Canada is fully commissioned, it could produce enough cobalt for up to 1.5 million electric vehicles annually. In combination with our Saudi Refinery project, ERG will soon be able to process all of its cobalt production through refineries where the Group has long term partnership agreements. At ERG, we look forward to working with Electra, one of the first companies to localise their upstream supply chain, supporting the industry’s efforts to achieve an entirely integrated battery supply model, as well as helping to power the green energy transition. Thank you to the team at ERG led by Leo Tuzenko for forging this partnership – a great example of cooperation across this critical value chain.

🌟 COMIDE celebrates #IWD2024 with its surrounding communities 🌟 Our COMIDE team organised an inspiring event bringing together 150 women from Kisanfu, Kisankala, and Lenge to learn and share experiences under the theme "Investing in Women: Accelerating Progress". 💪 The goal? To emphasise the urgency and benefits of investing in women, especially for economic growth, food security, and improved living conditions in rural areas. 🌍 Special guest Mrs. Celestine Kasolo Mangi, second alderman of the Luilu District, highlighted the importance of education and involvement in community development, to promote equal opportunities for girls. 📚 Participants left feeling empowered, marking the end of the event with shared drinks and gifts. Here’s to many more initiatives promoting #GenderEquality and #WomenEmpowerment! #InspirationalWomen #CelebratingWomen #TeamERG #ERGAfricaWomensVoices

Many compliments to Dmitry Melnikov, ERG's Chief Legal Officer (CLO), who climbed Kilimanjaro last week! Climbing a mountain is no mean feat, but reaching the summit of the highest mountain in Africa is a truly remarkable achievement. Dmitry joined the Group in 2014 and became CLO in 2016, during which he has overseen many team successes and achieved many fantastic accomplishments. In some ways, his expedition is symbolic of the great corporate journey of the Group, as well as Dmitry’s continued loyalty and dedication to the company. It is fitting that ERG’s flag was positioned at the top of the peak considering our many ties to Africa and continued advancements at our assets across the continent. Well done again Dmitry!

🌟 How we celebrated International Women's Day in the DRC🌟 👩💼 In Lubumbashi, a conference themed "Investing in Women: Accelerating Progress" featured keynote speaker Ghislaine Nyota, Legal Advisor. Discussions highlighted women's pivotal roles, followed by a heartwarming visit to Sainte Famille orphanage and retirement home, where donations were warmly received. 🎉 In Sakania, led by Kelly Nawezi, Talent Manager, our Frontier women joined the official parade and mass at St. Dominique Savio parish, expressing solidarity with women across the DRC, especially those facing adversity in the east. 🎈 Our Metalkol women gathered at GPM Katebi Beach for a vibrant celebration. With inspiring talks by Yvette Kayembe, President of the Women's Committee, and Chantal Kayombo, advisor to the Lualaba Commissioner General for Social Affairs, Gender and Family. The event highlighted the critical role of women in development and emphasised the need to end gender-based violence.  #WomenInMining #WomensEmpowerment #InspirationalWomen #CelebratingWomen #TeamERG #IWD2024 #ERGAfricaWomensVoices