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Museveni meets Kazakhstan investors

By Vision Reporter

Added 28th February 2018 12:42 PM

Sobotka told the President that his company wants to invest in the extraction of copper and cobalt in Uganda, according to a release from State House.

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President Yoweri Museveni shakes hands with the investor from Kazakhstan, Benedict Sobotka, the chief executive officer of Eurasian Natural Resources Corporation at State House, Entebbe on February 27, 2018. Looking on is Pastor Robert Kayanja of Rubaga Miracle Centre Cathedral

Sobotka told the President that his company wants to invest in the extraction of copper and cobalt in Uganda, according to a release from State House.

President Yoweri Museveni has held talks with investors from Kazakhstan who called on him at State House, Entebbe.

During the meeting on Tuesday, the Eurasian Natural Resources Corporation chief executive officer, Benedikt Sobotka, expressed interest in investing in the mining industry in Uganda.

Eurasian Natural Resources Corporation is a leading private multinational diversified natural resources’ company with operations in Africa in the Democratic Republic of Congo (DRC), Mozambique, Zambia and South Africa. Elsewhere, the company operates in Russia, Brazil and China.

Sobotka told the President that his company wants to invest in the extraction of copper and cobalt in Uganda, according to a release from State House.

Museveni who welcomed the company’s interest in Uganda’s mining sector called for the construction of processing facilities where minerals are fully processed to maximize revenue.

FACTFILE

According to their website,  Eurasian Resources Group S.a.r.l. (ERG), registered in Luxembourg, is a leading diversified natural resources company with the integrated mining, processing, energy, logistics and marketing operations.

Today ERG is the world's largest ferrochrome producer by chrome content and one of the key producers of iron ore and alumina worldwide. Eurasian Resources Group has a portfolio of production assets and development projects on four continents.

In the Republic of Kazakhstan, ERG represents about one third of metals & mining industry. It is also a principal supplier of electricity there.

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 are also located in the DRC.

ERG’s copper smelter, Chambishi Metals PLC, is a major enterprise in Zambia and a world’s leading producer.

ERG continues development of Pedra de Ferro project, a 20mtpa iron ore production complex located in Brazil.

The Company also has a number of development projects in coal, manganese, bauxite, platinum and fluorspar across the African, embracing the Republic of South Africa, Zimbabwe, Mali and Mozambique.

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