Eurasian Resources Group to extend its cooperation with partners from China, enabling the country’s green energy transition

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At ERG's Kazakhstan Aluminium Smelter the only producer of high-grade primary aluminium in the country

Eurasian Resources Group (“ERG” or “The Group”), a leading diversified natural resources group headquartered in Luxembourg, participated in the Boao Forum for Asia Annual Conference 2022 on 20-22 April. At the Forum, the Group has outlined the opportunities that the carbon neutrality goals present for the mining sector, especially in the battery and transport industries, provided the company’s vision to responsibly produce green energy and supported the role and transformative efforts of China as the country to enable this global transition.

ERG is increasing the supplies of raw materials such as copper and cobalt strongly needed for China’s pathway to a greener and more consumption-driven economy. The Group is also discussing further initiatives to contribute to the green economy agenda together with its Chinese partners.

Benedikt Sobotka, CEO of ERG, presented the results of ERG’s cooperation with its stakeholders in China and ERG’s future vision at a session entitled “Towards Carbon Neutrality: Business Sector on the Move,” where he spoke alongside CEOs of other leading organisations with business interests in China, including Elizabeth Gaines, CEO of Fortescue Metals Group; Jifan Gao, Chairman of Trina Solar; and Samson Khaou, Executive Vice President, Asia Pacific at Dassault Systems.

During the discussion, which was moderated by Wang Guan of CGTN, the participants discussed China’s importance as the world’s largest consumer of industrial metals and noted that rising demand for the materials of the future can lead to a commodities super-cycle.

ERG became one of the first participants of the Belt and Road Initiative and even before the “Belt and Road” was officially put forward, the Group had already instituted EPC cooperation with China. In the 2000s, the Group launched and then expanded its aluminium smelter in Pavlodar, Kazakhstan, which remains the only producer of high-grade primary aluminium in the country. Since then, ERG has signed a number of other landmark agreements with Chinese partners, including for the construction of Metalkol RTR copper-cobalt reprocessing operation in the DRC, which has reached production levels close to its design capacity last year and is now the world’s second largest standalone cobalt producer.

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