Evraz

Raspadskaya is preparing to suspend coal sales for up to a year

Raspadskaya mine, part of R. Abramovich's Evraz, is preparing for a possible suspension of coal sales for a period of 6 months to 1 year.

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Raspadskaya's net profit more than halved in 2019

In 2019, the Raspadskaya's net profit under IFRS decreased 2.15 times compared to the previous year and amounted to $208 million, it follows fr

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Evraz agrees on syndicated loan for $750 million

Evraz plc has entered into a syndicated unsecured loan agreement to the total amount of $750 million, due by 2025.

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Evraz finally gets rid of its vanadium asset in USA

In October 2019, mining and metallurgical holding company Evraz sold its American vanadium subsidiary Stratcor for $1, it follows from the company's report.

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Inventions of Evraz NTMK’s metallurgists brought 300 million rubles in effect for five years

Economic effect of patented inventions introduced at Evraz NTMK over the past five years amounted to more than 300 million rubles.

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Evraz's net profit declined in 2019

In 2019, the Evraz's net profit decreased to $365 million compared to $2.47 billion in 2018, as it follows from the company's financial results report.

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Evraz ZSMK reduces energy intensity of steel production by 5%

The West Siberian metallurgical plant, one of the largest steel mills in Russia (apart of the Evraz group), saved about 400 million rubles in 2019.

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Evraz: steel production grew by 6.1% in 2019

During 2019, EVRAZ's consolidated steel production made up 13.814 million tons. The volume growth compared to January-December 2018 is 6.1%.

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Fitch confirms ratings of Alrosa and Evraz, but deteriorates rating of UC Rusal

Fitch has confirmed Alrosa’s long-term issuer default rating at the level of BBB -. This was reported by the agency. The outlook for the rating is "stable".

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Russia's largest steel company's reduce production in 2019

The largest Russian metallurgical companies NLMK, MMK and Severstal reduced steel production in 2019 due to weak demand in foreign markets, which was not fully offset by an increase in metal consum

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
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