Evraz group

EVRAZ welcome the upgrade by Moody's Investors Service of Evraz Group S.A.’s corporate family rating (CFR) to Ba3 from B1. The outlook of the rating was changed to stable from positive. Concurrently, the senior unsecured rating of Evraz Group's notes was upgraded to B1 from B2. According to Moody’s, the upgrade and the stable rating outlook reflect the improving performance and financial metrics of EVRAZ over the last two years, in particular its stable and solid free ...

EVRAZ Group announced that its wholly-owned Russian subsidiary EVRAZ NTMK has signed an unsecured 5-year US $500 million credit facility agreement with Gazprombank, JSC, a major Russian commercial bank. As a condition precedent to borrowing the new loan, EVRAZ NTMK will prepay the existing US$300 million secured loan that was borrowed in May 2010. The new loan will be utilized for financing operating activities.

EVRAZ Group S.A. released its operational results for the third quarter of 2011. 3Q 2011 HIGHLIGHTS: • Steel production volumes increased by 4% year-on-year due to demand recovery, but decreased by 5% quarter-on-quarter mainly due to seasonal repairs • Steel product mix shifted in favor of finished goods • Coking coal production decreased due to long wall repositioning at two of our mines • Prices for steel products and coking coal remained ...

EVRAZ Group S.A. announced its audited interim results for the six months until 30 June 2011. 1H 2011 Highlights: Financial: - Consolidated revenue US$8,380 million (+31% vs. 1H 2010) - Consolidated adjusted EBITDA US$1,629 million (+41%) - Net profit of US$263 million (+49%). Without the effects of one-off transactions net profit would have been US$494 million (One-off losses of US$231 million in 1H 2011 were caused by the conversion and early repurchase of debts) ...

EVRAZ Group S.A, announces the appointment of Grigory Botvinovsky as Vice President, Vanadium Assets, following the retirement of Daniel Harris. Reporting to Pavel Tatyanin, Senior Vice President, Head of International Business, Grigory Botvinovsky will be responsible for vanadium operations, global vanadium sales and trading, vanadium business development and investment. He will start his new role on 17 October 2011. Most recently, he has been CEO of East Metals, a Swiss-based EVRAZ ...

EVRAZ Group S.A., notes media publications regarding the partnership with Russian diamond producer Alrosa, JSC in the development of Timir iron ore project in southern Yakutia. EVRAZ confirms that it considers acquisition of 51% stake in this project and will refrain from further comments unless a binding course of action is defined.

Evraz Group launches construction of a new coking coal mine Yerunakovskaya-VIII within its existing coal mining division Yuzhkuzbassugol (Kemerovo region, Russia). The total investment in the project will be c.17 billion roubles (approximately US$590 million) spent over the next three years. The coal mine is planned to start operations by mid-2013. By the end of 2014, the mine is expected to reach a total production capacity of 2 million tonnes of raw coking coal per annum. Mine ...

Evraz Group launches construction of a new coking coal mine Yerunakovskaya-VIII within its existing coal mining division Yuzhkuzbassugol (Kemerovo region, Russia). The total investment in the project will be c.17 billion roubles (approximately US$590 million) spent over the next three years. The coal mine is planned to start operations by mid-2013. By the end of 2014, the mine is expected to reach a total production capacity of 2 million tonnes of raw coking coal per annum. Mine ...

EVRAZ NTMK has become the first Russian company to master the production technology of extrahard railway wheels. Wheels of 350 – 390 Brinell units of hardness are designed and suitable for the use on arterial railways. Once the certification of an experimental batch of new goods on overseas markets has been completed, the construction of the order book will begin. Specialists from Nizhny Tagil Metallurgical Plant and the All-Russian Scientific Research Institute of Railway ...

Revenue for the three-month period ended 31 March 2011 was US$3,894 million Adjusted EBITDA [1] was US$740 million [2] with adjusted EBITDA margin of 19% Interest expense was US$191 million Total debt as of 31 March 2011 amounted to US$7,809 million, including US$713 million of short-term loans and current portion of long-term debt Cash and cash equivalents at the end of the period stood at US$629 million Capital expenditures amounted to US$200 million Total steel products ...

EVRAZ Group announces that at its Annual General Meeting held yesterday in Luxembourg all the resolutions were passed. In particular, the shareholders approved the Directors' Report and the consolidated and stand-alone financial statements for the year ending December 31, 2010, determined the level of directors’ and CEO’s remuneration and re-appointed Ernst & Young as EVRAZ’s external auditor. The following directors have been appointed to the Board: Mr ...

Further to its announcements on 5 April 2011 and 19 April 2011 relating to its tender offer for certain of its outstanding notes, EVRAZ Group S.A. (LSE: EVR), a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg with its registered office at 1, Allée Scheffer, L-2520 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Trade and Companies under number B 105615 (the ...

Evraz Group welcomes the upgrade by Fitch Ratings of EVRAZ’s Long-term foreign currency Issuer default Rating (IDR) from ‘B+’ (Stable) to ‘BB-’ (Stable). Fitch has also upgraded Evraz’s senior unsecured rating of ‘BB- from ‘B+’ and assigned its prospective Eurobond issue an expected ‘BB-(exp)’ rating. Fitch commented: “The upgrade reflects improvements in Evraz’s capital structure and liquidity position. ...

Evraz Group is pleased to announce that it has been named the best European company in the Best Financial Disclosure category in the 2011 IR Global Rankings (IRGR) survey. During the award ceremony in London held earlier today, Evraz has received also an award for the Best Progress in Financial Disclosure. It is the first time when the top award in the Best Financial Disclosure was presented to a company headquartered in Russia. Second to fifth places in this nomination were awarded ...

EVRAZ Group announces its audited financial results for the year ended 31 December 2010. 2010 Highlights: Financials: * Consolidated revenue US$13,394 million (+37% vs. 2009) * Consolidated adjusted EBITDA US$2,350 million (+90%) * Net profit US$532 million (net loss US$292(1) million in 2009) * Operating cash flow US$1,662 million * Total debt US$7,811 million (vs. US$7,923 million as of 31 December 2009) of which short-term debt US$714 million (vs. US$1,992 ...

Evraz Group has announced the launch of «EVRAZ New Leaders 2011», a multi-module integrated programme aimed at developing the Company’s personnel. The programme is intended for employees with a higher technical education. In 2011, 57 employees of EVRAZ subsidiaries in Russia and elsewhere – Ukraine, North America, Europe and South Africa – will be trained. The main aims of the programme include creating an international team of managers who will be ...

Evraz Group welcomes the upgrade by Standard and Poor’s Rating Service of Evraz’s long-term corporate credit rating from ‘B’ (Stable) to ‘B+’ (Stable). Standard & Poor’s commented: “The upgrade reflects an improvement of Evraz's liquidity, which we now assess as adequate, following the refinancing of short-term debt. Evraz used the proceeds of its RUB15 billion bond placement and $950 million pre-export finance facility to refinance ...

Evraz Group S.A. notes media speculation regarding the potential disposal of Evraz's 40% indirect equity stake in the Russian coking coal producer OAO Raspadskaya. Evraz confirms that it is considering options with respect to this stake, and will refrain from further comments unless a binding course of action is defined.

Evraz Group announces the appointment of Oleg Kuzmin as Vice President of Corporate Communications. He will be responsible for the implementation of PR strategy and the Communication Policy of the Company. He will also be accountable for the coordination of the internal and external communications and corporate social responsibility. Oleg will cooperate with regional and local governments and non-governmental organizations as well as promote the Company’s image in the existing ...