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…
In October miners of the Mezhegeyugol, a part of Evraz, dug out 1731 meters of rock, having set a record in Russia. Each day the miners were able to dig some 60 to 70 meters of rock. In December 2017 Mezhegeyugol miners set their first digging record – 1337 meters. At that time it was…
In Q3 Evraz decreased its consolidated steel sales by 10.3% YoY, to 3.1 million tons. The decrease is due to the drop in pig iron manufacture. Rolled metal sales fell by 1.2%, mostly because of the decrease in the railroad rails, wheels and flat metal sales. Semi-finished steel products sales fell by 0.7%. Coking coal…
In 2019 Evraz intends to sell 13.7 thousand tons of vanadium, up by 7% from the forecast for 2018 (12.8 thousand tons). The increase has to do with the sales of stocks. In mid-term the company also plans to optimize its manufacture at Kachkanarsky Mining and Processing Works to develop iron ore stocks with higher…
Evraz will increase the capital investments program for 2019-2022 to $830-990 million, while since 2014 it has already invested more that $660 million. It is planned to carry out projects worth $1.5 billion, and spend $500 million a year on the maintenance. In particular, the modernization of rail manufacture at Evraz Rocky Mountain Steel (USA)…
U.K.-based mining giant Evraz, which operates mainly in Russia, plans to invest $480 million in construction of a line for production of 100-meter rails with an annual capacity of 600,000 tons at its U.S. site in the city of Pueblo. The company may launch the production line in October-December 2021. Currently, the Pueblo facility produces…
Shakta Uskovsksya LLC, representing Evraz, has won an auction to mine coal at the Uskovskiy site in Kemerovo region. The site was auctioned in August. The initial price was 620.3 million rubles. The company has the right to develop the site with the size of 29 square km for 20 years. As of January 1,…
Evraz has reported that its key shareholders have changed the structure of the company ownership. Previously they owned 62.74% in the company through the Cyprus-based Lanebrok Limited, but now their stakes have been transferred to their own companies. Thus, Roman Abramovich indirectly owns 30.52% of Evraz through Greenleas International Holdings Lt with BVO; Alexander Abramov…