ERG to invest $1 billion in Kazakhstan projects in 2026
This digest was compiled by AI from multiple sources — links to the originals are below.
Eurasian Resources Group (ERG) plans to invest a record $1 billion in Kazakhstan in 2026 to develop production capacity, energy, and new technology areas. The investment program is expected to create up to 1,390 jobs and contribute about $1.4 billion annually to Kazakhstan's GDP. The company has increased its investments in Kazakh production enterprises 1.7-fold over the past three years.
Key Facts
- ERG plans to invest $1 billion in Kazakhstan in 2026, a record for the company.
- The investment program is expected to create up to 1,390 jobs and contribute about $1.4 billion annually to Kazakhstan's GDP.
- The Bolashak mine at the Donskoy mining and processing plant will produce up to 7.5 million tonnes of chrome ore per year at full capacity.
- ERG is building a 325 MW power unit at the Aksu power station for $277 million.
- A new gallium production site at the Pavlodar aluminum plant will have a capacity of 15 tonnes per year, with investments exceeding 20 billion tenge.
Investment Program
ERG's investment program includes developing the raw material and energy base, modernizing existing enterprises, and launching new production facilities. The company estimates that the projects will create up to 1,390 jobs and contribute about $1.4 billion annually to Kazakhstan's GDP. Over the past three years, ERG has increased its investments in Kazakh production enterprises by 1.7 times. In 2026, the company plans to allocate a record $1 billion to develop production capacity, energy, and new technology areas.
Bolashak Mine
One of the group's largest projects is the construction of the Bolashak mine at the Donskoy mining and processing plant. The first stage of the project was launched in 2024. At full capacity, the mine will produce up to 7.5 million tonnes of chrome ore per year. Total investment in the project exceeds $2 billion. The mine is intended to strengthen the raw material base for ferroalloy production.
Energy Projects
ERG is forming a portfolio of new and modernized facilities with a total capacity of 405 MW. A new 325 MW power unit is under construction at the Aksu power station at a cost of $277 million. The unit will replace decommissioned block No. 7 and meet the growing electricity needs of ERG enterprises. At the Aktobe ferroalloy plant, ERG is building an 80 MW utilization power station costing $99 million. The station will use off-gases currently flared to generate electricity, with commissioning planned for 2027.
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ERG to invest $1 billion in Kazakhstan projects in 2026
