Amid recent media speculation regarding the possible sale of Eurasian Resources Group (ERG), including reports of a $5 billion proposal from US investor James Cameron, Shukhrat Ibragimov—Chairman of the Board of Directors and Chief Executive Officer of ERG—has firmly denied any such negotiations.
“ERG is definitely not for sale,” stated Ibragimov, emphasiaing that there are no ongoing discussions about the sale of the company.
Ibragimov also reaffirmed the Group’s strategic direction, noting the management’s full commitment to “further consistent, sustainable development” and confirming there are “no changes to business as usual.” At the end of 2024, ERG’s Board of Directors adopted a new strategy aimed at further development and investment across the company’s enterprises, which has since been actively implemented.
The company’s focus on long-term growth and creating value for all stakeholders remains unchanged, with ongoing initiatives supporting both sustainable development and ERG’s position as a key player in Kazakhstan and Africa.
