ERG meaning in General ?

Answer: What is Eurasian Resources Group mean?

Eurasian Resources Group (ERG) S.à r.l. is a leading diversified natural resources producer. Since the corporation's foundation in 1994, ERG has become one of the world's leading mining and smelting groups.

At the beginning of 2014 the company restructured, introducing new corporate governance and compliance policies and new management.

Alexander Machkevitch is Chairman of the Board of Managers of Eurasian Resources Group and Mr Benedikt Sobotka is Chief Executive Officer. Mr Sobotka is a former member of the Boston Consulting Group (BCG) and has advised multiple leading companies globally.

Eurasian Resources Group owns fully integrated mining, processing, energy production, logistics and marketing operations. With a product portfolio in steelmaking materials, non-ferrous and energy, it is the world's largest producer of ferrochrome by chrome content. ERG supplies electricity in Central Asia, where they are also a large railway operator.

In Kazakhstan, the group's major assets include: TNC Kazchrome, Sokolov-Sarbai Mining Production Association (SSGPO), Aluminium of Kazakhstan (AoK), Kazakhstan Aluminum Smelter (KAS), Eurasian Energy Corporation (EEC), Shubarkol Komir and TransCom.

In Africa, ERG owns production and development stage assets in the Democratic Republic of Congo (DRC), Zambia, Zimbabwe, South Africa, Mozambique and Mali.

In Brazil it develops the Pedra de Ferro iron ore production complex and the Porto Sul deep water port, both of which are in the State of Bahia.

Since 2014 the Group sold assets worth about US$1 billion, including zinc mines to Glencore.

reference

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