EURASIAN RESOURCES GROUP AFRICA CHOOSES ARES PRISM SOFTWARE FOR ITS METALKOL ROAN TAILINGS RECLAMATION PROJECT IN THE DEMOCRATIC REPUBLIC OF THE CONGO
Johannesburg, South Africa, 15 June 2017 - Eurasian Resources Group Africa (“ERG Africa” or “the Company”) today announced that it will be adopting the latest PRISM G2 software from ARES Africa (Pty) Ltd, the local representatives of ARES Project Management LLC, a leading project management software and services provider.
The PRISM G2 software will be used for project cost control and integration to project scheduling systems for the Company’s Metalkol Roan Tailings Reclamation Project (“RTR Project”) in the Democratic Republic of the Congo (“DRC”).
The RTR Project is a comprehensive low-cost hydrometallurgical facility that is restoring the local environment through reprocessing old tailings that were dumped into the local environment following mining activities in the 1950s. The Company commenced construction on the project in June 2015.
ERG Africa, a division of Eurasian Resources Group (“ERG” or “the Group”), is one of the most significant mining enterprises in Africa today. The Company is currently undertaking an ambitious turnaround programme to move its African copper and cobalt assets down the global cost curve with the aim of attaining a position on the lowest quartile of the industry cash cost curve . As part of this strategy, the Company is pursuing production increases over the next three to five years in order to reach a total annual production of approximately 300KT of copper and over 20KT of cobalt per annum.
ARES Africa (Pty) Ltd is the local representative for ARES Project Management LLC, a subsidiary of ARES Holding Company. ARES is a world-class provider of integrated project cost management software solutions. Organisations in more than 30 countries rely on PRISM to manage the complete project lifecycle of capital projects to lower cost, mitigate risk and improve project performance.
Eurasian Resources Group (ERG) is a leading diversified natural resources producer with integrated mining, processing, energy, logistics and marketing operations. It has a portfolio of production assets and development projects in 14 countries crossing four continents and is represented by more than 80,000 people globally, being a major employer in the industry.
Today ERG is the world's largest ferrochrome producer on a chrome content basis and a key supplier of iron ore. The Group is also among the global top-10 alumina producers and a principal copper and cobalt manufacturer.
In the Republic of Kazakhstan ERG represents about one-third of the country’s metals & mining industry. It is also a key power supplier and a large railway operator in Central Asia. Kazchrome, SSGPO, Aluminum of Kazakhstan, Kazakhstan Aluminum Smelter (KAS), Eurasian Energy Corporation (EEC), Shubarkol Komir and Transportation Group TransCom LLP are among the Group’s major assets located in Kazakhstan.
In the Democratic Republic of Congo ERG mines copper and cobalt and processes the ore at Boss Mining, Frontier and Comide. A number of other development and near-production assets, including the Metalkol Roan Tailings Reclamation (RTR) Project, are also located in the DRC.
ERG’s smelter, Chambishi Metals PLC, is a major enterprise in Zambia and a large producer of copper and cobalt metal. The Company also has a number of development projects in coal, manganese, platinum, bauxite and fluorspar across the African continent, embracing the Republic of South Africa, Zimbabwe, Mali and Mozambique. In Brazil ERG continues development of Pedra de Ferro project, a 20mtpa iron ore production complex.