Eurasian Resources Group close down Kazakhstan bauxite production
Eurasian Resources Group (ERG), one of the leading producers of diversified natural resources, has declared on 14th April’20, to shut down one of its bauxite mines for three months.
The bauxite mine has been the supply feedstock to its alumina plant in Pavlodar, Kazakhstan.
Eurasian Resources Group said in a statement: “The Torgai mining division accounts for 3.4% of the plant’s bauxite supply.”
<iframe width="500" height="300" src="https://www.youtube.com/embed/Cim132RgW10" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
ERG also added: “The move was a result of a decline in the prices of alumina and aluminium.”
The Pavlodar alumina plant of ERG produces 1.5 million tonnes of alumina per year. Then the alumina produced gets consumed in ERG’s smelter in the same city and its buyers in Russia and China.
Eurasian Resources Group has already joined Kazakhstan’s efforts to fight COVID-19.
“Corona” pandemic: Jamaica’s outlook falls to stable from positive by Fitch Ratings citing negative shocks of Bauxite exports
Next articleMetro Mining’s first ship for 2020 arrives at Skardon River
Grow with
AL Circle
