国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / 2017Summer Davos

ERG to cash in on B&R Initiative

By Zheng Xin in Dalian | China Daily | Updated: 2017-06-30 08:10

A major multinational natural resources company is working closely with Chinese partners to expand its business linked to the Belt and Road Initiative.

The Eurasian Resources Group operates in 14 countries across the world and is involved in mining projects, processing, energy operations and logistics.

ERG to cash in on B&R Initiative

Benedikt Sobotka, chief executive officer of Eurasian Resources.? [Photo provided to China Daily]

Backed by the Kazakh government, ERG has benefited from the Belt and Road Initiative, which connects Asia, Africa and Europe to a modern version of the ancient Silk Road.

"We are delighted with the opportunities that have arisen because of this global initiative," said Benedikt Sobotka, chief executive officer of Eurasian Resources. "It has helped us in our operational portfolios in Kazakhstan and Africa."

One key project involves a cobalt mining operation in the Democratic Republic of Congo in Central Africa.

The chemical element is a vital component for batteries that are made in China, so ERG will work side-by-side with its mainland partners.

"This cobalt operation will be one of the largest," Sobotka said. "It's not just a big project, it is also critical for China.

"The country has a very ambitious plan to electrify its transportation and to invest in the Fourth Industrial Revolution," Sobotka added.

Production will start at the end of next year and most of the colbalt mined will be exported to China, one of the leading markets in the world for electric vehicles.

The world's second biggest economy accounts for 30 percent of ERG's business, which includes high-quality chrome for consumer goods, copper and, of course, colbalt.

"China is our largest market for steel, while the majority of our copper and cobalt also goes to the country," Sobotka said.

ERG, which has its headquarters in Luxembourg while its major share-holder is the Kazakh government, has worked alongside a number of Chinese partners on high-priority projects.

The group has secured more than $2.5 billion in financing from Chinese banks in the past two years for new projects in Africa and Kazakhstan.

"Our Chinese partners tend to include large State-owned enterprises in construction or in engineering technology and design," Sobotka said.

Wu Xiaobo contributed to the story.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
林口县| 顺昌县| 鄢陵县| 东兰县| 陆丰市| 苍山县| 全南县| 扬中市| 秀山| 观塘区| 呈贡县| 荆门市| 绥芬河市| 杨浦区| 康乐县| 安陆市| 辽源市| 泾川县| 湘潭县| 靖宇县| 毕节市| 海门市| 府谷县| 泰和县| 皮山县| 清流县| 米脂县| 启东市| 石渠县| 阳曲县| 湖南省| 肃北| 三门县| 固原市| 鸡东县| 金堂县| 娄烦县| 鄱阳县| 保山市| 陵川县| 上犹县|