... more than 11 million tonnes of coal and produced more than 5 million tonnes of concentrate.
As of 30 September 2013, total proved and probable coal reserves under the JORC Code were estimated at
The Company operates coal mines Alardinskaya, Yesaulskaya, Osinnikovskaya, Uskovskaya, Yerunakovskaya-VIII, two enrichment plants and servicing entities.
The Company supplies its coking coal to most of the leading steel and by-product coke plants in Russia and the CIS. EVRAZ’s ...
... vs. 69% in Q4 2013 due to redistribution of available crude steel volumes towards production of higher margin finished products
• Output of iron ore products in Russia decreased by 2%, impacted by the disposal of EVRAZ VGOK in October 2013 and two mines of Evrazruda in December 2013
• Consolidated raw coking coal output decreased by 6% due to repositioning of longwalls at several underground mines and shutdown of the Abashevskaya mine. This was partially offset by the launch of a new longwall ...
... interest to 81.95% for US$964 million in equity and cash
Acquisition of the 51% stake in Timir iron ore project for a US$159 million cash consideration
Disposal of structurally high costs assets in iron ore and coal mining – EVRAZ VGOK, Abakan and Teya mines of Evrazruda and the Gramoteinskaya steam coal mine for cash consideration of ca.US$20 million
Disposal of EVRAZ Vitkovice Steel based on the enterprise value of US$287 million
Debt and liquidity:
Net debt of US$6,534 million vs. US$6,376 million ...
Consistent with its governance policies, the Group continues to improve the process through which the effectiveness of its internal control system can be regularly reviewed as required by provision C.2.1 of the UK Corporate Governance Code (former Combined Code). The process enables the Board of Directors and the Audit Committee to assess the system of internal controls in place within the Group to manage significant business, operational and financial risks (including social, environmental...
... operational controls which are attested by Internal Audit; however, the Group is now instigating a parallel risk management process and culture at the
Risk management processes and internal controls operate across our steel plants, mines, ancillary service operations, capital projects and administrative functions. Risk management and internal control procedures are embedded within our business practices across function areas including finance, HSE, human resources, procurement, ...
The four principal committees of the Board are the Audit Committee, the Remuneration Committee, the Nominations Committee and the Health, Safety and Environment Committee.
Chairman and Chief Executive
The Board determines the division of responsibilities between the Chairman and the Chief Executive Officer.
The Chairman’s principal responsibility is the effective running of the Board, ensuring that the Board as a whole plays a full and constructive part in ...
... pricing of construction products in September.
Decrease in pig iron and steel production volumes mainly due to scheduled modernisation and repairs at Russian mills, to be reversed in 4Q10.
Coking coal volumes remain depressed due to stoppages at the mines caused by safety inspections and additional security equipment installation following the accident at Raspadskaya. Volumes are expected to return to normalised levels in 4Q10.
As most of the scheduled modernisation projects and safety equipment ...
... Siemens VAI. He also served as Chairman on the Boards of Metals Technologies (MT) Germany, MT Italy.
Mr Gordon Toll is chairman of FERROUS Resources Limited, an iron ore development company in Brazil. His career has included Deputy Chairman, Ivanhoe Mines and Group Mining Executive, Rio Tinto, key positions with BHP Iron Ore, followed by executive appointments with Texasgulf Inc and Atlantic Richfield Coal. Mr Toll was previously Chairman of Fortescue Metals Group Limited. Mr Toll is a member of ...
... of the current Stratcor President Hein Enslin, Daniel Harris will combine his current responsibilities as Evraz’s Vice President Vanadium with the role of President of Stratcor.
Daniel Harris graduated from University of Nevada, Mackey School of Mines with a degree in Chemical Engineering and has a 32-years experience in vanadium business. He joined Evraz in 2007 following the acquisition of Stratcor. Prior to the appointment as Vice President of Evraz he held several management positions in ...
... 8:30am on Sunday. Seven more miners who were also working in the mine at the time of the accident were safely evacuated.
Alexander Frolov, Evraz Group's Chairman and CEO, said: "We deeply regret that there has been an accident in one of our coal mines in Kemerovo and express our condolences to the relatives of the dead miners. The Company will provide all necessary support to their families. I would like to state that labour safety at all Evraz's mines remains our top priority. A full investigation ...