Eurasian Resources Group has recently celebrated its fifth anniversary of doing business in Luxembourg with a grand gala reception held in May 2019. The event was held in collaboration with the opening of the honorary consulate of the Republic of Kazakhstan in the Grand Duchy of Luxembourg and was attended by the country’s Prime Minister, Xavier Bettel. ERG was also celebrating a full quarter of a century of business in Kazakhstan, as stated by Alexander Machkevitch, the chairman of the board of directors of the group.
A Positive Partnership
Prime Minster Bettel commented on the honouring of the positive partnership between Kazakhstan and Luxembourg, emphasising that the opening of the honorary consulate would strengthen the collaborative nature of the two countries and stand testament to the positive partnership that has been built over the past five years.
The relationship between the two countries is based on mutual respect and trust and the Prime Minister was looking forward to even stronger cooperation in business following the gala event.
Benedikt Sobotka, who serves as CEO of ERG and has taken up the mantle of honorary consul of Kazakhstan to the Grand Duchy of Luxembourg, further commented on the honour felt by the group to be able to represent the business community of Kazakhstan in Luxembourg over the coming years.
Responsible Development of Business
Over the past five years, ERG has implemented several business initiatives in Luxembourg with a strong focus on responsible business development. ERG has a strong reputation for setting and maintaining strong standards of business across the entire mining industry, adopting sustainable business practices and utilising the leading position of the company to promote the highest of standards throughout the industry.
Sustainability is a key issue for ERG, with the company having established several major environmental and social projects in areas of the world where it does business. Community social investment programmes have included affordable housing and healthcare initiatives and spearheading the fight to eradicate child labour from the mining industry, among others.
ERG is a leading global producer of natural resources, including cobalt and ferrochrome. The company has operations around the world in 15 countries across four continents, and an employee base of more than 85,000 people.
Alongside its ferrochrome and cobalt operations, ERG has further development projects in fluorspar, bauxite, platinum, manganese and thermal coal in countries in Africa. The group has also recently launched a major tailings reclamation project in the Democratic Republic of the Congo.
ERG is a World Economic Forum strategic partner and Global Battery Alliance co-founder. CEO Benedikt Sobotka also co-chairs the Global Battery Alliance and stated that the new honorary consulate in Luxembourg would further the positive effect of bilateral business cooperation development.