ERG reports five workplace deaths in Kazakhstan in 2025
This digest was compiled by AI from multiple sources — links to the originals are below.
Eurasian Resources Group (ERG) reported five workplace fatalities at its Kazakhstan operations in 2025, according to its annual sustainability report. The company also disclosed a slight decline in revenue to $6.209 billion and an increase in EBITDA to $2.116 billion. The fatalities occurred despite ERG declaring 2025 a 'Year of Safety'.
Key Facts
- Five people died in workplace accidents at ERG's Kazakhstan operations in 2025, including two group employees and three contractor staff.
- ERG's revenue in 2025 was $6.209 billion, slightly lower than the previous year, while EBITDA rose to $2.116 billion.
- ERG paid $619 million in taxes in Kazakhstan in 2025, down from $641 million in 2024.
- ERG increased its pre-export financing for copper supplies to $215 million under an agreement with Bank of China's London branch and Glencore International.
Workplace Fatalities
ERG Chairman of the Board of Managers and CEO Shukhrat Ibragimov expressed deep regret over the deaths of five colleagues in Kazakhstan in 2025. The fatalities included two ERG employees and three contractor workers, according to the sustainability report. In 2024, 11 ERG employees and one contractor worker died in workplace accidents, indicating a reduction in 2025. 105 ERG employees and 15 contractor staff in Kazakhstan suffered injuries with temporary loss of working days in 2025.
Financial Performance
ERG's revenue declined slightly to $6.209 billion in 2025, while underlying EBITDA increased to $2.116 billion. The company paid $619 million in taxes in Kazakhstan, down from $641 million in 2024. ERG's African division, which generated approximately $1.6 billion in revenue, paid $229 million to local governments in 2025. ERG expanded its pre-export financing for copper supplies to $215 million through an agreement with Bank of China's London branch and Glencore International.
1 source
Time · lag behind first