In 2014 Evraz to keep cost optimization
Edited by Rhod Mackenzie / 2014-01-31 06:07:46
The coal enterprises of Evraz Plc will continue their cost optimization programme in 2014 to increase their efficiency under the conditions of unfavourable market conditions, they said to the PRIME agency. Last year the reduction of costs at the mines of Evraz made up about 20%. It raised their stability due to low prices on the coal market.
The company is also about to sell the mine of “Kusheyakovskaya” (Kemerovo region, part of OJSC “Yuzhkuzbassugol”), as steam coal production is not the core business of Evraz. In July 2013, FAS accepted the application of the company “Sibuglestroyinvest” on the purchase of 100% of the mine “Kusheyakovskaya”. However, the negotiations with the company were suspended in the summer, they said in Evraz.
