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EVRAZ plc (EVRE.L)

EVRE.L on London Stock Exchange

234.60GBp
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Bushveld says to postpone initial tranche of Strategic Minerals deal
Friday, 15 Jul 2016 11:25am EDT 

Bushveld Minerals Ltd : Update on conditional purchase agreement with Evraz for Vametco .Has as such been agreed to postpone completion of initial tranche to July 22 2016 whilst alternative completion arrangements are agreed.  Full Article

Evraz Plc says CFO resigns
Tuesday, 5 Jul 2016 12:12pm EDT 

Evraz : Evraz plc announces senior management changes . Pavel Tatyanin's, CFO, resignation, effective July 20, 2016, . Chief Financial Officer (CFO) of Evraz, submitted his resignation .Giacomo Baizini, CFO of Evraz Group S.A., will serve as interim chief financial officer, effective immediately.  Full Article

Bushveld Minerals says Vametco deal to complete on or before July 15
Monday, 20 Jun 2016 02:27am EDT 

Bushveld Minerals Ltd : Update on conditional purchase agreement with Evraz for Vametco . Bushveld and Evraz have agreed that completion of initial tranche shall be delayed .Now expect completion to take place on or before 15 July 2016..  Full Article

Russia's VTB bank extends $300 mln credit line to Evraz unit
Thursday, 12 May 2016 04:24am EDT 

Bank VTB says: VTB bank has extended a $300 million, multi-currency credit line to EVRAZ ZSMK, part of Evraz Group , for seven years; . The credit line will be used to refinance existing debt. Further company coverage: [VTBR.MM] [EVRE.L] (Reporting by Moscow Newsroom) ((maria.kiselyova@thomsonreuters.com)).  Full Article

EVRAZ sees stable steel production in 2016 - Reuters
Tuesday, 15 Mar 2016 08:08am EDT 

EVRAZ:Plans to keep 2016 steel production at the same level as in previous year - Reuters.In 2015 company production fell 8 percent to 14.3 million tonnes.  Full Article

Evraz plc signs contract with Danieli & C Officine Meccaniche SpA- Reuters
Wednesday, 21 Oct 2015 08:00pm EDT 

Danieli & C Officine Meccaniche SpA:Evraz signs contract with Danieli & C Officine Meccaniche SpA for technical modernization of the slab continuous casting machine into a billet casting machine at its West-Siberian Metallurgical Plant- Reuters.Total investments into the upgrade will exceed 4.5 billion rubles.Danie li to produce and deliver the equipment for refurbishment, mount and fine-tune all its parts in 2017-2018.The upgrade project, estimated for completion in 2018, will significantly increase production efficiency by cutting production costs.  Full Article

Fitch affirms EVRAZ plc at BB-
Tuesday, 15 Sep 2015 07:43am EDT 

EVRAZ plc:Fitch Ratings has affirmed Russia-based Evraz Group SA's (Evraz Group) and holding company Evraz plc's (Evraz) long-term issuer default rating (IDR) at BB-.The ratings of Evraz's 82 pct owned subsidiary, Russian coal company OAO Raspadskaya, have also been affirmed at B+.The outlook on all ratings is stable.Evraz Group's senior unsecured rating of BB- has also been affirmed.The rating affirmation reflects Evraz's ability to generate positive free cash flow (FCF) through the steel market cycle.Fitch expects this trend to continue in 2H15, assisted by the favourable foreign exchange impact on rouble-denominated costs.  Full Article

EVRAZ approves Construction Of New Grinding Balls Plant
Wednesday, 1 Jul 2015 02:49am EDT 

EVRAZ:Says started developing a new grinding balls production facility at Nizhniy Tagil Steel Plant. All project engineering activities will be completed by 2016, with commissioning scheduled for Q3 2017.The new plant will enable the company to start production of grinding balls of the fifth hardness grade which are currently not produced domestically.The new plant will produce 60-120 mm grinding balls with the hardness of 50-63HRC, enhancing the product's durability.  Full Article

EVRAZ plc announces book building for 10 billion roubles bonds-Reuters
Tuesday, 23 Jun 2015 04:57am EDT 

EVRAZ:Plans book building for 10 billion roubles 10 series bonds on June 25 - Reuters.Maturity period for 10 series bonds is 10 years.Organizers of the placement are Kapital and Svyaz-bank.Says coupon rate benchmark is 13.10-13.40 pct.Says yield rate benchmark is 13.53-13.85 pct.  Full Article

EVRAZ plc's Evraz NA sells structural tubing business
Friday, 6 Mar 2015 02:40am EST 

EVRAZ plc:Announces that its North American subsidiary EVRAZ North America (ENA) has signed an agreement with Maruichi Oregon Steel Tube, LLC to sell ENA's structural tubing business (formerly known as Columbia Structural Steel) in Portland, Ore., for about $51 million in cash.Proceeds from the sale will be re-invested in ENA as well as used to pay down the ABL balances.  Full Article