The Group’s top managers expressed confidence that the crisis would be resolved in the near future, noting that metal and mining companies provide products which will undoubtedly play a crucial role in the recovery of the global economy. They emphasized that thanks to preventive measures taken by the Group it has ensured the smooth running of operations despite the challenges associated with the coronavirus in the countries of ERG’s presence. 
 
The Group has sufficient reserves, excellent resources and competitive advantages, which will enable it to fully exploit future opportunities and growth prospects when the metals and mining business returns to ‘normal’. 
 
The utmost priority of ERG’s executive team is the safety of the Group’s people and overall responsibility, leading by example and supporting efforts to provide stability to the business and strengthen its competitiveness under any potential macroeconomic scenario. 
 
Mr Sobotka’s and Mr Kaztayev’s offer to reduce their salaries was accepted for a period of 12 months with immediate effect. This initiative has already been supported with similar actions by some other topmanagers at ERG.