Eurasian Resources Group

What Eurasian Resources Group does

Eurasian Resources Group S.A. (ERG) is a privately-held, Luxembourg-headquartered multinational mining and metals producer founded in 1995, with operating geographies concentrated in Kazakhstan, the Democratic Republic of Congo and Brazil and a stated workforce of more than 80,000 employees and contractors across nearly 20 countries. Its wholly integrated value chain spans extraction, processing, energy, logistics and marketing, producing cobalt and copper (primarily via DRC assets including Metalkol RTR, Frontier, Boss Mining, COMIDE), high-carbon ferrochrome and chrome ore (Kazchrome, including the Bolashak automated mine), high-grade iron ore (SSGPO in Kazakhstan, BAMIN/Pedra de Ferro in Brazil), high-grade aluminum through Kazakhstan Aluminium Smelter (KAS), bauxite, manganese, coal and increasingly critical minerals such as gallium (15 mtpa target from Q3 2026) and hydrogen-ready hot briquetted iron (2 mtpa plant targeted for 2029).

The company's revenue model is sales-led and commodity-based: ERG sells into long-term offtake agreements and spot markets to global industrial buyers, with B2B customers including EV and battery manufacturers (LG Energy Solution via the Electra cobalt offtake, Tesla via the Re|Source blockchain, Electra Battery Materials, Evelution Energy), automotive and trading houses (Mercuria on copper prepayment and uranium marketing), stainless-steel/industrial manufacturers (ferrochrome offtake), and Japanese trading houses (Mitsubishi on gallium). Pricing tracks global commodity indices and is not publicly disclosed; the GTM motion is direct sales to enterprise counterparties backed by long-dated supply agreements.

ERG's technology and strategic positioning center on responsible sourcing certifications (Responsible Minerals Assurance Process commitment at Metalkol, first-ever Copper Mark for a tailings operation, ISO 9001:2015), proprietary extraction and processing methods (world's-first vertical bauxite mining with BAUER, direct flotation of chrome from tailings), industrial AI deployments (autonomous dump trucks, AI-driven MES, smart machine vision, digital twin of a chrome mine, high-precision radar monitoring at Donskoy GOK), and the Re|Source blockchain for cobalt traceability and EV battery passports. Ownership as of May 2026 is split between the Kazakh government (40%) and Nature Energy Solutions Ltd controlled by Shakhmurat Mutalip (39.3%), with the company weighing a potential breakup between Kazakh and international operations.

Name

Eurasian Resources Group

Legal name

Eurasian Resources Group S.A.

Website

https://eurasianresources.lu

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Eurasian Resources Group is a privately-held, Luxembourg-headquartered diversified mining and metals company producing cobalt, copper, ferrochrome, iron ore, aluminum and critical minerals across Kazakhstan, the DRC and Brazil for global EV/battery, stainless-steel and industrial buyers under long-term offtake agreements.

Ownership category

akta.pro rank

Product category

Diversified Mining and Metals

NAICS

Copper, Nickel, Lead, and Zinc Mining (21223), Coal and Other Mineral and Ore Merchant Wholesalers (42352)

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Battery & Critical Minerals Trading (Lithium, Cobalt, Graphite, Manganese, Rare Earths) (IMAKAJAE), Critical Minerals Recycling & Urban Mining (Li, Ni, Co, Graphite, REE) (IMAKAFAK)

Keywords

• Cobalt production
• Copper mining
• Ferrochrome manufacturing
• Iron ore mining
• Aluminum smelting

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Cobalt and Copper Sales: ERG is one of the world's leading producers of cobalt and a large producer of copper. Revenue generated through sale of these critical minerals to battery manufacturers, EV producers, and commodity traders globally.
2. Ferroalloys (Ferrochrome): ERG is one of the world's largest high-carbon ferrochrome producers, supplying stainless steel manufacturers and industrial companies. Revenue from ferrochrome sales represents a significant portion of company income.
3. Iron Ore and Alumina: Large supplier of high-grade iron ore and alumina. Revenue from iron ore operations in Kazakhstan and Brazil (BAMIN project), including the Pedra de Ferro mine.
4. Aluminium Production: Only producer of high-grade aluminium in Kazakhstan through Kazakhstan Aluminium Smelter (KAS), with capacity exceeding 250ktpa.
5. Gallium Production: New critical mineral production line targeting 15 metric tons per year from Q3 2026, positioning Kazakhstan as world's second-largest gallium producer under supply agreement with Mitsubishi Corporation.
6. HBI (Hot Briquetted Iron) Production: $1.2 billion hydrogen-ready HBI plant in Rudny, Kazakhstan with 2 million ton annual capacity, scheduled for 2029 commissioning, using MIDREX direct reduction technology.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Eurasian Resources Group is a diversified mining and metals producer that extracts, processes, and sells cobalt, copper, high-carbon ferrochrome, iron ore, primary aluminum, alumina, bauxite, coal, and emerging critical minerals (gallium, hydrogen-ready HBI) from integrated operations in Kazakhstan, the Democratic Republic of the Congo, and Brazil. The company sells these commodities under long-term offtake agreements to global battery, EV, stainless steel, and industrial manufacturers, and to commodity traders.

Product overview

Eurasian Resources Group (ERG) is a diversified multinational mining and metals company offering an integrated portfolio spanning extraction, production, processing, energy, logistics, and marketing. The core product portfolio includes: Metalkol RTR (hydro-metallurgical copper and cobalt facility in DRC), Kazchrome (chrome mining and ferroalloys - world's largest high-carbon ferrochrome producer), Kazakhstan Aluminium Smelter (primary aluminium production), BAMIN (integrated iron ore mining and logistics in Brazil), Frontier Mine and Boss Mining (copper operations in DRC), COMIDE (copper/cobalt with hydrometallurgical plant), SSGPO (iron ore in Kazakhstan), and Shubarkol Komir (coal operations). New product launches include gallium production starting Q3 2026 (15 mtpa) and a hydrogen-ready HBI plant (2 mpta capacity, commissioning 2029). ERG also operates innovative vertical bauxite mining technology, wind power generation, and extensive logistics infrastructure including the FIOL railway in Brazil.

Differentiator

Problem solved

Functional benefit

Brands

• Kazchrome: ERG's ferrochrome and chrome ore production division, world's largest high-carbon ferrochrome producer
• BAMIN
• Metalkol RTR
• Clean Cobalt Framework

Products and services

• Metalkol RTR (Copper and Cobalt)
• Kazchrome (Ferrochrome and Chrome Ore)
• Kazakhstan Aluminium Smelter (KAS) Primary Aluminum
• BAMIN Integrated Iron Ore Project
• Frontier Mine Copper
• Boss Mining Copper and Cobalt
• COMIDE Copper and Cobalt
• SSGPO Iron Ore
• Shubarkol Komir Coal
• Gallium Production
• Hydrogen-Ready Hot Briquetted Iron (HBI) Plant
• Vertical Bauxite Mining Technology
• Wind Power Farm (Kazakhstan)

Quantifiable outcome

• Over 2 million tons of rock transported via autonomous trucks completing more than 17,000 unmanned trips
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• BAUERcoreTechnology or Integration · 1 June 2026World's first vertical bauxite mining project at Vostochno-Ayatskoye mine using BAUER BG 45 rotary drilling rig for vertical extraction from depths up to 100 metres without explosives. Expected to deliver 12 million tonnes of bauxite over next decade.
• MIND ID (Indonesia)minorStrategic or Co-development Partner · 13 May 2026Discussions on cooperation in exploration, mineral processing, bauxite-to-aluminum downstreaming, R&D, technology exchange, marketing, and knowledge sharing.
• Enterprise Générale du Cobalt (EGC)coreStrategic or Co-development Partner · 10 February 2026MoU signed at Mining Indaba 2026 to formalize responsible artisanal and small-scale cobalt mining in Lualaba Province, DRC. EGC receives mining rights over ERG Africa exploitation area with pilot project aims.
• Mitsubishi Corporation RtM Japan LtdcoreStrategic or Co-development Partner · 1 December 2025Long-term gallium supply deal with production beginning Q3 2026 at 15 metric tons per year, positioning Kazakhstan as world's second-largest gallium producer.
• Primetals Technologies and Midrex TechnologiescoreTechnology or Integration · 1 October 2025$1.2 billion hydrogen-ready HBI plant in Rudny, Kazakhstan using MIDREX direct reduction technology with capacity of 2 million tons annually.
• GécaminescoreStrategic or Co-development Partner · 1 September 2025Historic settlement agreement signed with DRC state mining company Gécamines, marking significant milestone in Kazakhstan-DRC relations.
• Responsible Minerals Initiative (RMI)coreStrategic or Co-development PartnerMetalkol RTR committed to Responsible Minerals Assurance Process (RMAP), a flagship programme of RMI, using independent third-party assessment of smelter/refiner management systems and sourcing practices.
• Electra Battery MaterialscoreStrategic or Co-development PartnerCobalt supply agreement with feedstock supply for North America's first cobalt refinery targeting commissioning in Q2 2027.
• Evelution EnergycoreStrategic or Co-development PartnerFive-year agreement to supply cobalt for future processing facility in the United States.
• Global Battery AlliancecoreStrategic or Co-development PartnerERG is a Founding Member and Co-Chair of the Global Battery Alliance, the world's largest multi-stakeholder consortium in the energy storage space comprising over 150 businesses and organisations.
• TeslacoreStrategic or Co-development PartnerPartnership through Re|Source blockchain platform for end-to-end cobalt traceability and EV battery passport proof of concept.
• SberminorStrategic or Co-development PartnerPartnership to develop ESG standards for the mining and metals industry.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Glencore: Glencore is a diversified mining and commodity trading major with leading global cobalt and copper positions, including DRC operations and cobalt offtakes to battery makers, making it the closest direct competitor to ERG's cobalt/copper/trading stack.
• CMOC (China Molybdenum): CMOC is a leading DRC-based cobalt and copper producer (Tenke Fungurume, Kisanfu) and a frequent co-development partner of ERG on cobalt supply and Re|Source blockchain traceability, making it the most direct DRC-side peer.
• Sumitomo Metal Mining: Sumitomo Metal Mining is a Japanese integrated miner and refiner of copper, nickel, and battery materials, with a long-standing Japanese trading house counterparty role similar to ERG's relationship with Mitsubishi for gallium.
• RUSAL: RUSAL is one of the world's largest primary aluminium producers outside China. As ERG operates the sole high-grade aluminium smelter in Kazakhstan (KAS), RUSAL is the closest global producer peer for that business.

Broad incumbents

• Vale: Vale is one of the world's largest diversified miners with material iron ore production (Carajás) and growing copper and nickel exposure. Its iron ore book and integrated logistics (rail + port) closely resemble ERG's BAMIN/SSGPO operations.
• Rio Tinto: Rio Tinto is a globally diversified miner across iron ore, copper, aluminium, and battery materials. Comparable to ERG in commodity breadth (ferrochrome/aluminium analogue, copper analogue) and integrated mine-to-port operations.
• BHP: BHP is a globally diversified miner with leading iron ore, copper, and nickel operations. Its copper-nickel growth into battery materials parallels ERG's cobalt-copper-gallium strategy and integrated logistics footprint.
• Anglo American: Anglo American is a diversified miner with copper, iron ore, and platinum group metals. Its copper exposure and ongoing restructuring into critical minerals/long-life assets make it a relevant comparable for ERG's portfolio reshaping.
• Trafigura: Trafigura is a major physical commodity trader with metals, minerals, and energy exposure and significant African mineral flows, comparable to ERG's commodity trading arm and its relationship with Mercuria.
• South32: South32 is a diversified miner spun out of BHP with exposure to aluminium, copper, zinc, manganese, and nickel - a comparable diversified-by-commodity producer structure to ERG across Kazakhstan/DRC/Brazil.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCcdlyU9WfEycu0Ns-MGxpHQ/featured
• LinkedInlinkedin.com/company/eurasian-resources-group

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries18 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eurasian Resources Group