LUXEMBOURG – 30 October 2025 – Eurasian Resources Group (“ERG”), a global metals and mining company headquartered in Luxembourg, and Mercuria Energy Trading SA (“Mercuria”) have signed a strategic agreement based on prepayment facility for the supply of copper.
Under the terms of the agreement, Mercuria will provide up to US$100 million in prepayments to ERG. The facility is secured by a three-year supply agreement for copper sourced from ERG’s assets in the Democratic Republic of the Congo (DRC).
ERG continues to advance the development of its assets in the DRC, working to fully unlock their potential. The prepayment facility further strengthens ERG’s commercial portfolio, supporting the sustainable development of the global supply chains for critical minerals, and enhancing the Group’s financial flexibility, which is important for continued investment in ERG’s assets in the region.
“This landmark transaction with the ERG Group reaffirms our long-standing partnership built on trust and shared ambition. The facility will strengthen ERG’s asset development in the Democratic Republic of the Congo—a region of growing strategic relevance to Mercuria. Our collaboration across the African Copperbelt reflects our mutual commitment to responsible growth and reliable offtake. This long-term strategic agreement underscores our continued focus on building resilient, forward-looking supply chains that benefit both parties,” said Kostas Bintas, Global Head of Metals & Minerals at Mercuria Energy Trading SA.
Shukhrat Ibragimov, Chairman of the Board of Managers and CEO of ERG, said: “We look forward to building on this extended strategic cooperation with Mercuria, which will further drive the success of our international copper business. This marks an important step in deepening our collaboration with global partners as we work to realise the full potential of our core operations in the DRC. It also reflects the confidence our stakeholders place in ERG as a reliable source of responsibly produced copper for global markets.”
Eurasian Resources Group (ERG) is a leading diversified natural resources group headquartered in Luxembourg, with integrated mining, processing, energy, logistics, and marketing operations. The Group has around 67,000 employees and sells products in more than 40 countries. The Group’s main shareholder (40% stake) is the Government of the Republic of Kazakhstan.
ERG is one of the world’s largest producers of cobalt and ferrochrome and is a large international supplier of copper and iron ore. In Eurasia, it is a leading supplier of alumina and is the only producer of high-grade aluminium in Kazakhstan.
Overall, in Kazakhstan, the Group operates many of the country’s leading production entities, including Kazchrome, Sokolov-Sarbai Iron Ore Mining Production Association (SSGPO), Kazakhstan Aluminium Smelter, Aluminium of Kazakhstan, Eurasian Energy Corporation, and others. The Group is a key power supplier and a large railway operator in Central Asia.
ERG Africa also forms a core part of the Group’s international asset portfolio. In the DRC, Frontier is the cornerstone of the Group’s copper business and Metalkol is a major tailings reprocessing operation, which has become one of the world’s largest producers of cobalt and a major producer of copper. The Group also has its own supply chain on the continent through its logistics company SABOT.
In Brazil, ERG is developing BAMIN, an integrated mining and logistics project in the State of Bahia, which comprises the Pedra de Ferro high-grade iron ore mine, the Porto Sul deep-water port and the associated stretch of the new FIOL broad-gauge railway.
Established in 2004, Mercuria is one of the world’s largest independent energy and commodity groups, bringing efficiency to the commodity value chain with technology, expertise, and low-carbon solutions. The company established itself as a leader in the energy transition by pledging more than 50 percent of new investments toward renewables and transitional energy. The Group has made significant investments in renewable power, energy storage, grid optimization, critical transition minerals recycling, and environmental products.
Eurasian Resources Group, Luxembourg
Email: press@erg.net
Website: www.eurasianresources.lu
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