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EVRAZ plc (LSE: EVR) (“EVRAZ” or the “Company”) announces completion of construction and launch of its light-section rolling mill in Kostanay (the “Mill”), Kazakhstan. The investment project has been implemented by TOO Evraz Caspian Steel, a joint venture between EVRAZ (65%) and Kazakhstani company Caspian Group (35%). The construction of the plant, which has a …
EVRAZ plc (LSE: EVR) (“EVRAZ”) announces that it has signed a binding agreement for the sale of the Gramoteinskaya thermal coal mine, part of its wholly-owned subsidiary Yuzhkuzbassugol Coal Company, to Lehram Capital Investments Ltd. for RUB10,000 cash consideration, calculated on a debt free basis. The disposal is in line with EVRAZ’s plan of divesting …
EVRAZ North America announces that due to subdued market demand and the high volume of imports, it will suspend operations at its steel mill in Claymont, Delaware. Over the next two months, about 375 employees will complete processing and shipping of existing products and prepare the mill for idling. EVRAZ will consider restarting the operations …
EVRAZ plc (LSE: EVR) (“EVRAZ” or the “Company”) announces that it has signed a binding agreement for the sale of its wholly-owned subsidiary EVRAZ Vysokogorsky Iron Ore Mining and Processing Plant (“VGOK”) to NPRO URAL for US$20 million consideration, calculated on a debt free basis (the “Consideration”) (the “Transaction”). In addition, EVRAZ has agreed to …
EVRAZ plc announces that it has signed an agreement for the sale of its Russian subsidiary, heat and power station Tsentralnaya TETs, located in Novokuznetsk, Kemerovo Region, to Russian Open Joint-Stock Company Optovaya Elektricheskaya Kompaniya for RUB 10,000 in cash, which the company will apply for general corporate purposes. Tsentralnaya TETs generates and sells electricity …
EVRAZ plc (LSE: EVR) today releases its operational results for the second quarter of 2013. Q2 2013 OPERATIONAL HIGHLIGHTS: Consolidated crude steel production was flat in Q2 2013 vs. Q1 2013 and the Company’s key steelmaking facilities in Russia and North America continued operating at high utilisation rates Output of steel products increased by …
EVRAZ plc (LSE: EVR) announces that it has prepaid the outstanding US$759 million of the US$950 million structured credit facility (the “Facility”), using the proceeds from the recent US$1 billion issuance of 6.50% notes due 2020. The Facility, under which Evraz Group S.A., a wholly-owned subsidiary of EVRAZ plc, was the borrower, was amortising quarterly …
EVRAZ plc (LSE: EVR) today releases its operational results for the first quarter of 2013 and the Interim Management Statement. Q1 2013 OPERATIONAL HIGHLIGHTS and RECENT DEVELOPMENTS: · Both consolidated crude steel production and output of steel products (net of re-rolled volumes) increased by 11% due to lower downtime at steelmaking capacities in Q1 2013 …
Q4 2012 OPERATIONAL HIGHLIGHTS and RECENT DEVELOPMENTS: Consolidated crude steel production and gross output of steel products both decreased by 6% compared to Q3 2012, mainly due to a scheduled maintenance at EVRAZ ZSMK. The temporary suspension of work at EVRAZ Vitkovice‘s steel shop in the Czech Republic also contributed to the decrease in crude …
22 November 2012 – EVRAZ plc (LSE: EVR) (“EVRAZ”) announces that it has today signed an agreement for disposal of its Russian railcar operating subsidiary EvrazTrans to Russian freight rail operator NefteTransService (“NTS”) for RUB 9,450 million (approximately US$300 million) cash consideration on the basis of RUB 150 million (approximately US$4.8 million) of working capital, …