Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: Thomson Reuters StreetEvents
$75.00
Provider: Thomson Reuters StreetEvents
$75.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

EVRAZ plc Acquires Stake in Timir Iron Ore Project-Regulatory News Service


Tuesday, 2 Apr 2013 12:01am EDT 

Regulatory News Service reported that EVRAZ plc (EVRAZ) has signed an agreement to acquire the stake in OJSC Timir (Timir) for a total consideration of RUB 4,950 million (approximately USD 160 million) to be paid in several instalments. At completion EVRAZ will receive 51% stake in OJSC Timir, AK Alrosa OAO (OJSC Alrosa) will own 49% minus one share and Vnesheconombank (VEB) will receive one share. Timir is a joint venture between EVRAZ and Alrosa created for the development of iron ore deposits and is currently holding licenses for 4 iron ore deposits (Tayozhnoye, Desovskoye, Tarynnakhskoye and Gorkitskoye) in the southern part of Yakutia in Russia with total mineral resource base under the Russian geological classification of 3.5 billion tonnes (Russian geological categories of A+B+C1 

Company Quote

149.4
10.8 +7.79%
21 Nov 2014