Evraz sells 40% of unprofitable assets in Khakassia

Evraz continues to sell its unprofitable assets. Khakassian businessman Alexander Koleshnya is ready to buy its ore enterprises in the region. Sources of the Kommersant say that first and foremost he acts in favour of the region’s Authority that strives to keep the industry alive. The main supplies will be carried out to Evraz, but export to China is possible in the future.

Evraz has found a purchaser for the mines Abakansky and Teisky (both are located in Khakassia), which are parts of Evrazruda, as well as for Abaza-Energo and Teisk grid, which supply heat to them, the company reported yesterday. Ruda Khakassii showed its interest in the mines. The deal, which amount isn’t disclosed, is planned to be concluded in the first quarter of 2014; the parties signed a memorandum of intent. By results of 2012, 1.9 million tons of raw ore were mined at the Abakansky mine and 2.3 million tons at the Teisky mine – this is 39% of the Evrazruda’s whole production (11 million tons).