Apr 2018 – Present 2 years 6 months. [9] On 28 December 2012, 99 percent of Eurasian Natural Resources Corp shareholders approved the US$550 million purchase of the remaining 49.5% per cent of Camrose Resources Limited still held by Dan Gertler's Gibraltar-registered (Wild et al. ENRC currently employs over 70,000 people, of which 65,000 are located in Kazakhstan. Eurasian Resources Group (ERG) S.à r.l. [ENRC 2] The Group incorporates six Divisions (ENRC 2013): Ferroalloys, Iron Ore, Alumina and Aluminium, Energy, Other Non-ferrous, Logistics [ENRC 8], ENRC is one of Kazakhstan's largest companies, accounting for approximately 3% of Kazakhstan's GDP in 2009. Dr Alexander Machkevitch is Chairman of the Board of Directors and Mr Benedikt Sobotka is Chief Executive Officer. Recruitment Manager KIS/Orion LLP. Overall, as part of the first industrial five-year plan, the Group’s contribution amounted to 13% of total investments in the country. The company floated around 18% of its equity on the London Stock Exchange in December 2007. [19], The ENRC's assets in the Republic of Kazakhstan comprise Kazchrome, Zhairem GOK, SSGPO, Aluminium of Kazakhstan, Kazakhstan Aluminium Smelter (KAS)[ENRC 6][ENRC 7], ENRC is one of the world's largest ferrochrome producers (ENRC 2013). [22][24], Camrose Resources Limited ('Camrose') "owned British Virgin Island-based new company, Highwind Group which had a 70% interest in the Metalkol Sarl, which in turn owned the exploitation licence for the Kolwezi tailings site (Law Expert 2 March 2012).

"[22] Camrose's other assets included a "64% stake in Canada listed Africo Resources which held a 75% interest in Kalukundi exploitation licence as well as 56% indirect interest in Comide Sprl, which held the exploitation licence for Mashitu, Pangalume and Kii tenements. KIS/Orion LLP.

Upon the acquisition by ERG, many of the previous senior management did not transfer to the new group, left their positions or were replaced in a new structure. Post was not sent - check your email addresses! They include the Kolwezi tailings project, which the DRC government had confiscated from First Quantum Minerals (FQM). [14], The Serious Fraud Office launched a criminal investigation into ENRC's business practices in April 2013. [ENRC 7] ENRC's Kazchrome [de] in the Republic of Kazakhstan, integrates four operating companies: Donskoy Ore Mining & Processing Plant, Aktobe Ferroalloys Plant, Aksu Ferroalloys Plant and Kazmarganets Mining Enterprise. What is Eurasian Resources Group's tech stack? From 2011 through 2018, investments in production of the Eurasian Resources Group in Kazakhstan exceeded US$ 6,4 billion. May 2016 – May 2017 1 year 1 month. Eurasian Resources Group’s official website is www.erg.kz. [ENRC 5] [8] With a product portfolio in steelmaking materials, non-ferrous and energy,[2] it is the world's largest producer of ferrochrome by chrome content. Eurasian Resources Group has 39 employees. [ENRC 7] ENRC is one of the world's largest ferrochrome producers (ENRC 2013). Some other sources they republish from are Bloomberg, CNBC, and MSNBC, which all lean left by our methodology. [ENRC 7] ENRC's Kazchrome [de] in the Republic of Kazakhstan, integrates four operating companies: Donskoy Ore Mining & Processing Plant, Aktobe Ferroalloys Plant, Aksu Ferroalloys Plant and Kazmarganets Mining Enterprise.

[18], ENRC operates in Kazakhstan, China, Russia, Brazil and Africa (the Democratic Republic of Congo, Zambia, Mozambique and South Africa).

The assets of the company were acquired during the mid-1990s as part of the privatization process in Kazakhstan.[2]. At the beginning of 2014 the company restructured, introducing new corporate governance and compliance policies and new management. The purchase agreement (4 December 2007) gives ENRC the economic benefit from all dividends and distributions made after 4 December 2007. This report is very well-sourced and balanced. [18], ENRC operates in Kazakhstan, China, Russia, Brazil and Africa (the Democratic Republic of Congo, Zambia, Mozambique and South Africa). [9], In September 2010 ENRC acquired the outstanding 50% interest in Bahia Minerals BV and in October 2010 – 100% of Mineração Minas Bahia SA (MIBA) and 51% of Mineração Peixe Bravo SA (MPB). [ENRC 4] In its regulatory report ENRC claimed revenues of US$3,256 million for the year ended 31 December 2006 and US$1,856 million for the six months ended 30 June 2007.

The chairperson Phillippe Edmonds and CEO Andrew Groves both resigned when the deal was closed in November 2009. By then ENRC was "the world's sixth largest iron ore exporter by volume and world's fifth largest supplier of traded alumina by volume. These included the Head of Human Resources and the Company Secretary. This story was republished from the left-leaning Time Magazine. First Quantum took out an action against the DRC government in the International Chamber of Commerce Court of Arbitration. - Allocation of new affordable houses. World Press Freedom Rank: USA 45/180. ENRC is now owned fully by ERG (Eurasian Resources Group), a private company headquartered in Luxembourg, Grand Duchy of Luxembourg. Overall, we rate the Eurasia Group Left-Center Biased due to story selection and editorial positions that slightly favor the left. Copper from Mukondo is refined at the Luita plant, with planned capacity of 100,000 tonnes per year of copper cathode. ENRC was formed in 1994, listed on the London Stock Exchange in 2006 delisted after a near six-year spell in November 2013. Camrose held five high quality copper and cobalt mining permits in the Democratic Republic of Congo (DRC). [23][self-published source] First Quantum Minerals had completed 75 per cent of the construction and the lucrative facility was almost ready to be operational when it was seized by the government and handed to[22] This led to First Quantum Minerals v Highwinds and others, a case concerning the expropriation of mining licences in the Democratic Republic of Congo. [10], In March 2013 ENRC was forced to write down a US$1.5bn (£1bn) loss due largely to an "onerous" locked in contract with the Russian aluminium company, Rusal with whom they must provide aluminium at what is now below market price (Telegraph 2013). The assets of the company were acquired during the mid-1990s as part of the privatization process in Kazakhstan.[2]. What is Eurasian Resources Group’s SIC code? If you continue to browse the site without changing your settings, you are agreeing to our use of cookies. In review, the Eurasia Group is a “firm devoted exclusively to helping investors and business decision-makers understand the impact of politics on risks and opportunities in foreign markets.” The website describes what they do such as political risk consultancy. It has a portfolio of production assets and development projects in 14 countries crossing four continents, and is represented by more than 75,000 people globally, being a major employer in the industry.

2016 sustainable development in figures Capital Revenue expenditure [ENRC 9], ENRC's senior management team consisted of:[ENRC 10]. [ENRC 2] The Group incorporates six Divisions (ENRC 2013): Ferroalloys, Iron Ore, Alumina and Aluminium, Energy, Other Non-ferrous, Logistics We continue our long standing projects in key areas of social investments: Read our profile on United States government and media.