Eurasian Resources Group (ERG) has announced a record investment exceeding $1 billion in Kazakhstan for 2026 - the largest single-year investment in the group’s history.

The announcement was made by Shukhrat Ibragimov, ERG’s CEO and chairman of the board, during a site visit to the company’s facilities in the country, The Caspian Post reports via Kazakh media.

The investment will span ERG’s mining and metallurgical assets and include the construction of new production facilities. A key focus will be the launch of high value-added products not currently produced in Kazakhstan, such as gallium and hot briquetted iron (HBI).

Among the flagship projects planned for 2026 are the development of an HBI plant with a target capacity of two million tons per year, an iron ore pellet plant, and an 80-MW ferroalloy gas utilization power station at the Aktobe Ferroalloys Plant. The program also includes the development of a chromium mine with a planned capacity of 7.5 million tons annually, modernization works at the Aksu Power Station, and major upgrades at the Pavlodar Alumina Plant, including vertical calcination kilns, filtration units, and gallium production with an annual capacity of 15 tons.

The investment push follows a strong financial performance in 2025, despite a volatile global environment marked by fluctuating commodity prices, supply chain disruptions, and currency instability. Based on results for the first nine months of 2025, ERG’s EBITDA rose by about 7 per cent year-on-year, while its EBITDA margin increased to 33 per cent, up from 29 per cent a year earlier and above internal targets.

ERG attributes the gains to improved operational efficiency, disciplined cost control, and the growing impact of major development projects, as the group continues to roll out its long-term strategy approved in late 2024.