ERG Increases Investment in Kazakhstan
Resources Group (ERG), a Luxembourg-headquartered global metals and mining company, increased its investments in Kazakhstan to nearly $1 billion, according to the company.
The projected investment level represents an increase of about 40% compared to two to three years ago and nearly double ERG’s investment volumes in the pre-crisis period of 2018–2019.
“Our annual investment in Kazakhstan has grown substantially, and in 2025 it is projected to reach just under $1 billion – about 40% higher than two-three years ago. Compared with ERG’s investments in Kazakhstan in pre-crisis years (2018-2019), this represents almost a two-fold increase. Kazakhstan is ERG’s core, strategic region,” said Shukhrat Ibragimov, the CEO and Chair of the ERG Board of Directors.
The company revised i...
