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Project Description
Eurasian Resources Group (ERG), a global metals and mining company, has signed a strategic contract with a consortium of Primetals Technologies and Midrex Technologies, Inc. (Midrex). The agreement covers detailed engineering, supply of key process equipment, and a range of services for the construction of a hot briquetted iron (HBI) plant in Rudny, Kazakhstan. This marks the next major milestone in the partnership, following the completion of pre-engineering and basic engineering packages. The MIDREX® Flex plant will be one of the largest next-generation metallurgy facilities in Central Asia. Producing HBI with a metallization degree of at least 93.5 percent and an iron content of approx. 90 percent will enable Kazakhstan to enter the global HBI market with a new, competitive product. The MIDREX Flex plant is designed for a seamless transition to hydrogen utilization when it becomes commercially viable. “With a target production capacity of 2 million tonnes of HBI per annum and a total investment exceeding US$1.2 billion, the project should create over 1,000 new jobs. Signing this contract with the consortium of Midrex Technologies and Primetals Technologies — global leaders in their respective fields — is a strategic step that reinforces ERG’s competitive edge in advancing Kazakhstan’s metallurgical industry, modernizing the country’s economy, and expanding its export potential.” Commissioning is scheduled for 2029. The project will create more than 1,000 jobs in the region. The new plant includes a 7.15m diameter Midrex Shaft Furnace and a proprietary Midrex Reformer with low NOx burners for NOx reduction. Increased top gas pressure ensures higher furnace productivity and reduced power consumption. A flue gas hot fan additionally reduces electric power consumption. The plant will also feature a hot fines recycling system. Level 1 and Level 2 automation systems are part of the project as well.
Project Phase:
Initiation & Feasibility
Investment Value:
1 200 000 000 $
Location:
110000 Костанай, Казахстан
Start Date:
10/20/2025
End Date:
1/1/2029
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Other important details
The new MIDREX Flex direct recovery unit will produce 2 million tons of hot briquetted iron (HBI) per year.
Allows Eurasian Resources Group (ERG) and Kazakhstan to enter the global HBI market
Today's contract for the construction of the plant was the result of the successful completion of the preliminary design and basic design stages.
Advanced technologies will ensure high energy efficiency, minimal environmental impact and readiness for the future use of hydrogen.
A project to create more than 1,000 jobs in Kazakhstan
“The President of the Republic of Kazakhstan stated that the country’s priority is to produce high-value-added products that are competitive in both domestic and international markets. Together with our partners, we are establishing a modern, environmentally friendly production facility – one that brings in advanced technologies, reduces the carbon footprint, creates employment opportunities, and contributes to the development of skilled human capital,” said Shukhrat Ibragimov, Chief Executive Officer and Chairman of the Board of Managers of ERG
Publication/Revision Date:
10/23/2025