Amendment of transshipment agreement with nakhodka trade sea port
EVRAZ plc ("EVRAZ", the "Company" and together with its subsidiaries, the "Group") announces today that it has signed a Deed of Amendment (“Transaction”) in relation to the Long-Term Transshipment Agreement (“LTA”) which was signed as part of the disposal of Joint Stock Company EVRAZ Nakhodka Trade Sea Port (the "Nakhodka Port") to EVRAZ’ majority shareholder Lanebrook Limited ("Lanebrook") on 3 May 2017 and which was approved by the independent shareholders of the Company on 23 May 2017.
Response to Press Speculation
EVRAZ plc (the “Company” and together with its subsidiaries the “Group”) notes recent press speculation regarding potential combination of the Group’s and Sibuglemet Holding’s coal assets, or “Sibuglemet”.
EVRAZ Started Tashtagol Iron Ore Mine Upgrade
EVRAZ started upgrading the Tashtagol ore mine. The project will enhance the company's self-sufficiency in raw materials, increasing ore production at the mine from 2.2 mtpa to 3.25 mtpa. The total investment into the project is expected to reach RUB 6.8 billion.