Link to Original Article
May 7, 2010
By James Olinger
Top: (l-r) Chairman and CEO of Electronic Recyclers International
John Shegerian, Recycling
Operations and Commodity Disposition Director Anthony Borges, and
CEO of LS-Nikko Copper
Seong-Won Kang take a look at commodities collected from electronic
waste inside ERI's
shredding facility.
Bottom: Electronic Recyclers International and LS-Nikko Copper
officials stand together inside
ERI's shredding facility, with the world's largest electronic waste
shredder in the
background. (Photos by Ralph Berrett)
Fresno, CA (May 7, 2010) – Representatives from Korea-based LS-Nikko
Copper, one of the world's
largest copper smelters, visited Electronic Recyclers
International's Fresno location Thursday
afternoon to view their new liaison office at ERI as well as the
company's facilities.
Due to a partnership announced several months ago, LS-Nikko Copper
has invested in "urban
mining," or above-ground mining, as a resource for precious metals.
In turn, the massive
amounts of commodities that go through ERI's electronic waste
recycling facilities across the
country have a guaranteed home. In another aspect of the agreement,
LS-Nikko has obtained a
minority investment position in ERI.
"LS-Nikko Copper has proven their foresight by investing in us and
investing in urban
mining, and they are the first large smelter in the world to take
the position in the new trend
of urban mining," said ERI Chairman and CEO John Shegerian.
CEO of LS-Nikko Copper Seong-Won Kang called ERI's electronic waste
shredder, which is the largest of
its kind in the world "very impressive," and also seemed pleased
with the new office.
"Electronic Recyclers International is one of the most important
business partners in the
world," Kang said. "We are hoping to expand our recycling business
in the United States,
and in a sense ERI is our most pleasurable asset in the United
States."
Shegerian took great pride in presenting the visitors with the
office in ERI headquarters, which is
LS-Nikko's first in this country.
"It was somewhat emotional," Shegerian said of the experience.
"These are our best
partners from Korea, and we're so honored that they would come over
here, invest in Electronic
Recyclers International, and put a lot of faith in us to grow our
business so we can grow this
collaborative partnership together, this urban mining partnership
together."
The partnership is a big boost for ERI, which has the goal of
someday being the largest electronic
waste recycling brand in the world, and not just the United States.
"This is the greatest partnership that we could have ever dreamed of
and we look forward to
expanding throughout the United States and also into Asia and into
Europe with LS-Nikko Copper as
our great partner," Shegerian said. "And today is just another step
in that direction."