ERG receives the 2024 TXF Award for its work on a metals and mining finance deal supporting copper and cobalt in the DRC’s Metalkol facility.

The Metals and Mining Deal of the Year Award 2024 has gone to Eurasian Resources Group (ERG), a leading metals & mining player based in Luxembourg. The honor highlights ERG’s $150 million pre-export finance, managed with Bank of China London and Glencore and picked as one of the Top Ten commodity finance transactions by TXF.

The plant gets much of its copper cathode supply through an agreement with Metalkol which is part of ERG’s operations in the Congo. The site stands out in the metals & mining sector due to its focus on sustainability, by reprocessing tailings to produce key amounts of copper and cobalt for the world’s energy transition.

In April 2025, ERG refinanced the financial arrangement to support sustainable production at Metalkol. Paul Waller and Yulia Savitskaya, both from ERG, got the award at the TXF event in Amsterdam.

As a result, ERG is underscored as a top leader in green metals & mining and its significance in being responsible in the transition minerals business is recognized. Operating on several continents, ERG is always interested in partnering with others to grow in the metals & mining industry on a global scale.