Latest news with #ShukhratIbragimov
Reuters
10 hours ago
- Business
- Reuters
ERG plans to produce critical mineral gallium in Kazakhstan next year
LONDON, June 23 (Reuters) - Eurasian Resources Group plans to invest $20 million in facilities to produce critical mineral gallium in Kazakhstan from next year, from the bauxite ore it processes to produce alumina, the company said in a release on Monday. Gallium is on the U.S. and European Union's lists of critical minerals. It is needed for the manufacture of semiconductors for electronics and radar systems and missile guidance electronics in aerospace and defence. ERG's plans would make Kazakhstan, which until now has produced no gallium, the world's second largest producer after China. "ERG plans to become a significant player in the global market for gallium, starting production in 2026 to supply OECD countries, with a view to expanding annual volumes up to 15 metric tons per annum," ERG CEO Shukhrat Ibragimov said. Global gallium production totalled 760 tons last year according the U.S. Geological Survey. Most was from China and very small amounts from Japan, Korea and Russia. China banned the export of gallium, germanium and antimony to the United States last December in response to a crackdown on China's chip sector by Washington. Although the outright ban only applies to the United States, in the 18-months prior to the suspension, China had steadily introduced export licensing regimes for the three metals. Alumina is used to smelt aluminium.
Yahoo
10 hours ago
- Business
- Yahoo
ERG plans to produce critical mineral gallium in Kazakhstan next year
By Pratima Desai LONDON (Reuters) -Eurasian Resources Group plans to invest $20 million in facilities to produce critical mineral gallium in Kazakhstan from next year, from the bauxite ore it processes to produce alumina, the company said in a release on Monday. Gallium is on the U.S. and European Union's lists of critical minerals. It is needed for the manufacture of semiconductors for electronics and radar systems and missile guidance electronics in aerospace and defence. ERG's plans would make Kazakhstan, which until now has produced no gallium, the world's second largest producer after China. "ERG plans to become a significant player in the global market for gallium, starting production in 2026 to supply OECD countries, with a view to expanding annual volumes up to 15 metric tons per annum," ERG CEO Shukhrat Ibragimov said. Global gallium production totalled 760 tons last year according the U.S. Geological Survey. Most was from China and very small amounts from Japan, Korea and Russia. China banned the export of gallium, germanium and antimony to the United States last December in response to a crackdown on China's chip sector by Washington. Although the outright ban only applies to the United States, in the 18-months prior to the suspension, China had steadily introduced export licensing regimes for the three metals. Alumina is used to smelt aluminium.
Yahoo
11 hours ago
- Business
- Yahoo
ERG plans to produce critical mineral gallium in Kazakhstan next year
By Pratima Desai LONDON (Reuters) -Eurasian Resources Group plans to invest $20 million in facilities to produce critical mineral gallium in Kazakhstan from next year, from the bauxite ore it processes to produce alumina, the company said in a release on Monday. Gallium is on the U.S. and European Union's lists of critical minerals. It is needed for the manufacture of semiconductors for electronics and radar systems and missile guidance electronics in aerospace and defence. ERG's plans would make Kazakhstan, which until now has produced no gallium, the world's second largest producer after China. "ERG plans to become a significant player in the global market for gallium, starting production in 2026 to supply OECD countries, with a view to expanding annual volumes up to 15 metric tons per annum," ERG CEO Shukhrat Ibragimov said. Global gallium production totalled 760 tons last year according the U.S. Geological Survey. Most was from China and very small amounts from Japan, Korea and Russia. China banned the export of gallium, germanium and antimony to the United States last December in response to a crackdown on China's chip sector by Washington. Although the outright ban only applies to the United States, in the 18-months prior to the suspension, China had steadily introduced export licensing regimes for the three metals. Alumina is used to smelt aluminium. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Thousands of Employees Gain Edge as ERG Secures EFMD's LIFT Learning Impact Certification
ERG Corporate University attains EFMD's LIFT Learning Impact Certification ASTANA, Kazakhstan, May 12, 2025 (GLOBE NEWSWIRE) -- Eurasian Resources Group Corporate University (ERG CU), ERG's training branch, has successfully attained EFMD's LIFT Learning Impact Certification, the first such distinction in Kazakhstan and Central recognition is awarded by the European Foundation for Management Development (EFMD), an international organization dedicated to advancing excellence in management education and corporate validates ERG CU's proprietary impact-focused approach to in-company education, which includes simulator-based training for heavy-duty mining trucks, augmented-reality welder training, and program focused on leadership development, among ERG Corporate University was established in 2023 on the basis of ERG's Unified Training Center to centralize and digitize the process of supporting its employees' its foundation, it has trained tens of thousands of employees of the company."Our people are at the centre of our strategy, and their education is important for our present and our future. In the end, we move forward only by developing our people," said Shukhrat Ibragimov, CEO of ERG."Training 54,000 colleagues in just two years and securing EFMD LIFT so early into its trajectory shows how seriously we are taking, precisely, our people's future," he added. Through those programs and similar initiatives by the ERG Corporate University, the company channels continuous learning into operational excellence and community Resources Group (ERG) is a global metals and mining company headquartered in Luxembourg. With around 67,000 employees, it is one of the largest employers in the has integrated mining, processing, energy, logistics, and marketing operations. It is one of the world's largest producers of ferrochrome and cobalt and a leading international copper and iron ore Kazakhstan, it operates through Kazchrome, Sokolov-Sarbai Iron Ore Mining Production Association (SSGPO), Kazakhstan Aluminium Smelter, Aluminium of Kazakhstan, and Eurasian Energy Corporation, among other is a key power supplier and a large railway operator in Central Africa, Frontier is the cornerstone of the Group's copper business in the DRC, while Metalkol represents a major tailings reprocessing operation. Metalkol has become one of the world's largest cobalt producers and a major copper commercial operations span across 40 countries in Asia, Europe, Africa, and the Americas. The Government of the Republic of Kazakhstan is the Group's main shareholder (40% stake).Shukhrat Ibragimov, appointed in 2024, is ERG's CEO and Chairman and brings with him many years of industry further informationpress@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
