Eurasian Resources Group reports record levels of iron ore shipments to China
Published by Lydia Woellwarth,
Editor
Dry Bulk,
Eurasian Resources Group (ERG) increased shipments of iron ore products to China to 618 000 t in August this year, reaching record levels despite the challenges posed by the pandemic. This milestone was made possible due to the combined efforts of SSGPO, ERG’s iron ore entity in Kazakhstan, and TransCom LLP, the Group’s railway operator.
In August SSGPO produced 1.4 million t of iron ore and iron ore concentrate with TransCom providing 6000 railway wagons to transport the goods to China.
Mr Serik Shakhazhanov, Chairman of the Management Board, Eurasian Group LLP, which operates the ERG’s assets in Kazakhstan, said, “We have made substantial progress in implementing effective technological solutions at our iron ore operation in Kazakhstan and are very pleased to have delivered a record shipment volume of iron ore products to China. This was achieved through our relentless drive for modernising the manufacturing process and enhancing supply chain efficiency, and we look forward to seeing more positive results in the months to come.”
The Group began increasing iron ore shipments to China in April this year. Over the past eight months, TransCom has shipped 3.2 million t of iron ore products and is expected to deliver an additional 1.5 million t to the country before the end of 2020.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/16092020/eurasian-resources-group-reports-record-levels-of-iron-ore-shipments-to-china/
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