Evraz will increase its capital investments in 2020-2023 from $850 in 2019 to $1 billion per year. The list of main investment project will not change. The main projects are modernization of the rail and beam mill at Evraz NTMK, construction of flat rolled metal manufacture at Evraz ZSMK and the new line to produce…
U.K.-based mining giant Evraz, which operates mainly in Russia, has no plans to change its dividend policy, Vice President for Finance Nikolai Ivanov said during the company’s investor day. “We are not considering any changes to our dividend policy as of today,” he said. Under the company’s dividend policy, it pays at least $300 million…
Under an investment project to reconstruct Tashtagol mine the first self-propelled machines have reached the enterprise. A drilling rig, a boring machine and a loading machine have been commissioned at the depth of 280 meters. Until the end of the year the mine will receive three more machines. Until 2021 Evraz intends to have 20…
The Federal Antimonopoly Service has approved a bid of U.K.-based mining giant Evraz, which operates mainly in Russia, to buy 50% plus two shares in container shipping company TransContainer from Russian Railways, the service’s Director Igor Artemyev announced on August 27. “Evraz has filed this bid, and we have approved it,” he said, adding that…
U.K.-based mining giant Evraz, which operates mainly in Russia, has purchased 714 million rubles worth of multi-purpose machines for coalmines, affiliate Raspadskaya said in a statement on August 13. The machines will be installed on the Raspadskaya and Uskovskaya mines. (Prime/Ukrainian metal)
Evraz has agreed on the sale of its vanadium manufacturer Evraz Stratcor Inc. to a third party. The sum of the deal is not disclosed. It is expected the deal will be finalized in September. Evraz bought 73% of Stratcor in 2006 for $110 million. (Ukrainian metal)
In January-June Evraz received $344 million of net profit, down by 70% YoY. Revenue dropped by 3.2%, to $6.14 billion, and EBITDA – by 22.2%, to $1.482 billion. The decrease is due to the lower prices of vanadium, coal and steel products. At the same time the company has increased its money flow – from…
U.K.-based mining giant Evraz, which operates mainly in Russia, increased steel production by 2.7% YoY, to 6.995 million tons in January-June, the company said in a statement on July 31. In April-June steel production of the company went up by 0.5% QoQ, to 3.507 million tons. (Prime/Ukrainian metal)
