Eurasian Resources Group, a diversified natural resources group based in Luxembourg, signed an agreement with the Chinese group BGRIMM Technology, a global institute for the mining and material industries on October 17, 2023. This agreement concerns a cobalt enrichment facility that ERG is currently building in the Democratic Republic of Congo

L'installation d' enrichissement du cobalt devrait être mise en service d' ici la fin de 2024 et l' hydroxyde de cobalt should be supplied by Metalkol, based in the DRC, from ERG, one of the largest producers global for the battery industry and one of China's largest suppliers of cobalt. Indeed, according to Benedikt Sobotka, CEO of ERG, “ERG's agreement with BGRIMM for the construction of a high-quality cobalt enrichment facility is absolutely necessary for the mining and critical mineral processing industry and for the green

For this, the cobalt enrichment facility, which ERG is building with its Chinese partner BGRIMM, is an important addition to its asset portfolio producing key battery materials, as it is expected to supply high-purity cobalt hydroxide suitable for the market of batteries.