Eurasian Resources Group (ERG) identified the importance of Africa in its long-term international growth strategy at the recent Investing in African Mining Indaba

ERG-Africa, a division of ERG, is one of the most significant miners in Africa today and is currently undertaking an ambitious turnaround programme to move its African copper-cobalt assets down the global cost curve aiming to have lowest quartile positioning by 2017. [quote]

Diversification focus

As part of this, the company is pursuing production increases in the next three to five years to reach a total annual production of about 300 000 t of copper and over 20 000 tpa of cobalt.

“We view Africa as a driver of our future international growth. In addition to Kazakhstan, Africa is a region that offers exceptional opportunities for ERG to strategically expand its portfolio,” says Eurasian Resources Group CEO Benedikt Sobotka.

Eurasian Resources Corporation is currently undertaking an ambitious turnaround programme to move its African copper-cobalt assets down the global cost curve
Eurasian Resources Group is currently undertaking an ambitious turnaround programme to move its African copper-cobalt assets down the global cost curve

ERG has a competitive project pipeline in Africa, with an existing footprint that includes copper and cobalt production assets in the Democratic Republic of Congo (DRC) and Zambia, and development stage platinum, coal, manganese, bauxite and fluospar assets in Zimbabwe, South Africa, Mozambique and Mali.

The company’s flagship development project is a major tailings reprocessing operation in the DRC, the Metalkol Roan Tailings Reclamation project (RTR) that will provide a long-term, stable supply of ethically-mined cobalt to the market.

ERG’s operations in the DRC are among the highest-profile and largest scale in the country.

Recognising the responsibility it has not only in the DRC but in securing the world’s natural resources, the group maintains strong ethical standards in all aspects of its operations.

ERG also has an active social investment programme spanning education, healthcare and training for local employees and it takes active steps to ensure the integrity of its supply chain.

“Mining Indaba has always been a significant event for the industry,” says Sobotka.

“It is vital that despite economic conditions, we recognise the importance of Africa as a region and continue investing not only in our own businesses, but in fueling infrastructure growth and improving the health, wealth and well-being of the communities where we operate.”

Sobotka has been working with the World Economic Forum, non-governmental organisations and other mining companies to improve and implement ethical standards for the industry.

ERG, represented at the Indaba by senior executives from both its group and Africa operations, made a significant contribution to the event’s key sessions on copper, African growth strategies and sustainability.