Sokolovsko-Sarbayskoye Mining Production Association (SSGPO), a subsidiary of the Eurasian Resources Group (ERG), has secured a new syndicated credit facility of up to $400 million, signalling a complex financial strategy within the corporate group. The move, which involves loans to commonly controlled firms, comes as the company continues to invest in new projects while navigating its role as a key player in Kazakhstan’s mining sector.
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Eurasian Resources Group has unveiled the Khromtau Wind Farm in Kazakhstan, a US$142 million project set to generate 500 million kWh of green energy annually, marking a major step in Central Asia’s renewable energy transition.
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