$5 Billion Bid From US Investor For ERG Opens Speculations For Kazakhstan's Rare Earth Riches

$5 Billion Bid From US Investor For ERG Opens Speculations For Kazakhstan's Rare Earth Riches

American Businessman James Cameron has reportedly offered $5 billion to acquire Eurasian Resources Group (ERG), the world's largest producer of high-carbon ferrochrome by chrome content. ERG has been headquartered in Luxembourg since its $4.5 billion privatization in 2013, and Kazakhstan's government has a 40% stake in its global operations, which span 16 countries and four continents. Besides ferrochrome, the company is Kazakhstan's sole high-g…

U.S. Eyes Kazakh Rare Earth Minerals

Kazakhstan is adopting a non-confrontational stance as it finesses trade relations with the United States, seeking engagement rather than retaliation over the imposition of US tariffs. Deputy Trade Minister Zhanel Kushukova told journalists on April 17 that the government intended to send a delegation to Washington to hold talks on a variety of trade issues, including tariffs. The Trump administration initially hit Kazakh goods with a 27-percent…

U.S. investor James Cameron offers US$5-billion for Kazakh mining giant; ERG says no sale talks

The reported offer comes as ERG prepares to participate in a major expansion of Kazakhstan’s rare earths output

US investor Cameron offers $5 billion for Kazakh mining giant ERG

ERG formed task force to explore Kazakhstan's rare earth deposits.