The owners of Eurasian Resources Group (ERG) are considering a major restructuring that would separate the company's Kazakhstan operations from its international mining assets, according to people familiar with the discussions
The proposed split would divide the group between its two principal private shareholders, Shakhmurat Mutalip and Shukhrat Ibragimov ERG currently generates most of its revenue from iron ore, ferrochrome and aluminium production in Kazakhstan, while also operating mining assets in the Democratic Republic of Congo and Brazil
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Source and Credit: mining.com
