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Miner ERG Weighs Breakup to Split Assets Between Its Owners

Miner ERG Weighs Breakup to Split Assets Between Its Owners
Bloomberg Markets Friday 10 July 2026, 16:13 UTC By William Clowes, Nariman Gizitdinov 1 min read
Key Points

Miner ERG Weighs Breakup to Split Assets Between Its Owners The owners of Eurasian Resources Group are considering splitting the mining group into two businesses, in an overhaul that would separate its Kazakh and international operations. The sprawling group generates most of its revenue from producing iron ore, ferrochrome and aluminum in Kazakhstan, but also owns assets in Africa’s Copperbelt and Brazil. The potential breakup would divide ERG between the firm’s two main private...

Miner ERG Weighs Breakup to Split Assets Between Its Owners The owners of Eurasian Resources Group are considering splitting the mining group into two businesses, in an overhaul that would separate its Kazakh and international operations. The sprawling group generates most of its revenue from producing iron ore, ferrochrome and aluminum in Kazakhstan, but also owns assets in Africa’s Copperbelt and Brazil. The potential breakup would divide ERG between the firm’s two main private shareholders, Shakhmurat Mutalip and Shukhrat Ibragimov, according to people familiar with the matter.
Eurasian Resources Group (ORG) Kazakh (ORG) Kazakhstan (LOCATION) Africa (LOCATION) Copperbelt (LOCATION) Brazil (LOCATION) ERG (ORG) Shakhmurat Mutalip (ORG) Shukhrat Ibragimov (PERSON)
Originally published by Bloomberg Markets Read original →

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