https://www.miningweekly.com

VALUE-ADDING THRUST:

16th March 2018

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

Kazakhstan-focused miner Eurasian Resources Group (ERG) plans to double aluminium output in three years to lessen dependence on lower-value alumina sales to Russia’s Rusal. In this picture, a worker oversees molten aluminium being poured at ERG’s Kazakhstan Aluminium Smelter JSC factory, in Pavlodar, Kazakhstan. A producer of 1.5-million tonnes of alumina a year, ERG aims to consume a million tonnes of its own alumina a year as part of its value-adding thrust. Luxembourg-registered ERG, in which the Kazakh government has a 40% shareholding, also has copper and cobalt assets in Africa and iron-ore mines in Brazil. As of July 2016, ERG owed $5.8 billion to its main creditors, VTB and Sberbank, which have extended the expanding company’s debt terms to 2022.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION