Russia: Evraz buys multi-purpose machines for mines for 714 million rubles

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)

Russia: Evraz selling US asset

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)

Russia: Evraz net profit down in H1 2019

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…

Russia: Evraz steel output up in H1 2019

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)

Russia: Evraz Alardinskaya mined 1 million tons of coal

Since the start of the year the Alardinskaya mine of Evraz has extracted 1 million tons of coking coal.

The miners were developing the long face No. 6-1-20, put into operation in March.

Earlier the mines Uskovskaya and Yerunakovskaya-VIII have exceeded the 1-million tons output mark. (Ukrainian metal)

Russia: Evraz to sell 1.7% of shares

Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.7% of Evraz shares. According to Evraz, this is around 25 million shares. Romans Abramovich indirectly owns Evraz shares through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov – through Crosland Global Limited, and…

Russia: Evraz steel output up in Q1 2019

In January-March, consolidated steel output by Evraz enterprises grew by 12.4% QoQ, to 3.5 million tons. The increase has to do with the growth of pig iron output following the capital repairs of the blast furnace No. 3 at Evraz ZSMK last year. Steel sales increased by 8.4%, with semi-finished products sales up by 29%.…

Russia: Evraz spends 900 million rubles on labor safety

The Urals enterprises of Evraz in 2018 improved the working conditions of 4 thousand metallurgists and miners.

The group spent over 900 million rubles on the labor and industrial safety programs.

Some enterprises replaced lighting in warehouses and railroad sites.

Others provided their employees with personal protection means. (Ukrainian metal)

Russia: Evraz to sell 1.8% of shares

Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.8% of Evraz shares. The number of shares that the companies intend to sell amounts to 25.4 million. Roman Abramovich indirectly owns shares in Evraz through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov…

Russia: Evraz’s IFRS net profit up in 2018

The net profit of the U.K.-based mining giant Evraz, which operates mainly in Russia, more than tripled to $2.47 billion in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 28. Consolidated revenue rose by 18.6%, to $12.836 billion. Consolidated earnings before interest, taxes, depreciation and amortization…

Russia: Evraz and VEB.RF to create JV over Sibuglemet

Russian state development corporation VEB.RF and mining giant Evraz may create a joint venture basing on coal producer Sibuglemet. VEB.RF may contribute Sibuglemet to the joint venture to get a 25% stake, while Evraz may obtain a 75% stake after contributing coal producers Yuzhkuzbassugol, Raspadskaya, and Mezhegeiugol. According to a source familiar with a top…

Russia: Evraz reconstructing Tashtagol mine

Evraz is carrying out a project to reconstruct the Tashtagol mine. The project will improve the company raw materials safety thanks to the increase of iron ore mining 1.5-fold, from 2.2 million tons to 3.25 million tons per year. Investments in the project will reach 6.8 billion rubles. The balance reserves of the mine as…