ERG Starts Mining At New Kazakhstan Chrome Deposit

Owner of $1 Billion Cobalt Project Says Rally Is Far From Over

Ferrochrome producer Eurasian Resources Group (ERG) has started mining a new chrome deposit with mineable reserves of more than three-million tonnes.

Located within the site of Kazakhstan’s 10th Anniversary of Independence mine, in Khromtau, the deposit is expected to produce 300 000 t/y of ore.  ERG-owned Donskoy Ore Mining and Processing Plant has already extracted the first 3 500 t of ore.

Donskoy Ore Mining and Processing Plant director Maral Bekeyev said on Wednesday that the experience gained during pilot operations at the deposit would stand the company in good stead when it developed the second-stage of the mine.

The miner aims to produce at a rate of six-million tonnes a year, using the cut-and-fill technique.

“This technique is used for rock pressure control whereby mined rock is replaced with filling material. It enables safer and more efficient stopping under a stronger artificial roof.”

10th Anniversary of Independence mine head Alexander Emrakov added that the mining technique would help to reduce waste dumping and atmospheric emissions.

Profile

Eurasian Resources Group S.a.r.l. («ERG»), which is registered in Luxembourg, is a leading diversified natural resources company with the integrated mining, processing, energy, logistics and marketing operations. In 2014 the Company has celebrated its 20-year anniversary. Today ERG is the world’s largest ferrochrome producer by chrome content and one of the key producers of iron ore and alumina worldwide. Eurasian Resources Group has a portfolio of production assets and development projects on four continents, being one of the major employers in the industry. Globally the Group is represented by over 75.000 employees. In the Republic of Kazakhstan the Company has always been a pillar of economic growth. Today ERG represents more than 4% of that country’s GDP and about one third of its metals & mining industry. It is also a principal supplier of electricity there. Kazchrome, SSGPO, Aluminum of Kazakhstan, Kazakhstan Aluminum Smelter (KAS), Eurasian Energy Corporation (EEC), Shubarkol Komir and ENRC Logistics are among the Group’s major assets in the Republic. In the Democratic Republic of Congo ERG mines copper and cobalt and processes the ore at Boss Mining, Frontier and Comide. A number of other development and near-production assets are also located in the DRC.
Kazakh government holds a 40 per cent stake in ERG, with Bakhyt Sultanov, sitting on the board.
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