Evraz Group

From Wikipedia, the free encyclopedia

Evraz Group
Type Public LSE: EVR
Founded
Headquarters Flag of Russia Moscow
Key people Alexander V Frolov CEO
Industry Steel
Products Steel
Steel products
Vanadium slag
Iron ore
Coal
Revenue $8.3B (2006)
Employees ~
Website http://www.evraz.com/

Evraz Group (Russian: Евраз Груп С. А.) is one of the world's leading vertically integrated steel production and mining businesses, with operations mainly in Russia. In 2006, Evraz Group produced 16.1 million tonnes of crude steel.

Contents

[edit] Overview

The company is a vertically integrated holding with high self-sufficiency in iron ore and excessive coking coal production, which allows the company to be one of the largest participants on the domestic coking coal market through its affiliates. Evraz also controls some metal trading and logistic assets. Based on 1H 2006 results, the steel segment represents 97.4 percent of Group revenue. On June 2, 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR in London. The company was priced at $14.50 per GDR implying an equity value of $5.15 billion. An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.

Evraz' European offices are located in Luxembourg.

[edit] Evraz Group Shareholders Structure

Mastercroft was a wholly owned subsidiary of the Company as of 30 June 2006. The Company’s interests in the majority of its subsidiaries are held indirectly through its ownership of Mastercroft. In June 2006 Evraz Group announced transaction that resulted in the transfer to Greenlease International Holding of a 50% interest in Lanebrook Ltd., an entity controlled by the principal shareholders of Evraz Group. As of September 2006 Lanebrook Ltd. held 82.43% of the Company's shares. While about 15.33% of the stock is traded on the London Stock Exchange.

[edit] Evraz Subsidiaries

[edit] Steel

[edit] Ore

  • Evrazruda mining and enrichment facilities in Kemerovo Oblast
    • In the Kemerovo Oblast: Tashtagol Mine, Kaz Mine, Sheregesh Mine, Gurev Mine, Abagur Sinter and Enrichment Plant
    • In the Republic of Khakassia: Abakanskoye Mine, Teya Mine
  • Kachkanarsky Ore Mining and Processing Enterprise - Vanady - KGOK pit mining in Sverdlovsk; KGOK
  • Vysokogorsky Mining and Processing Integrated Works/VGOK underground mining near Nizhny Tagil; VGOK
    • Vysokogorsk Deposit; Lebyazhinsk Deposit; Estuninsk Deposit; Mednorudyansk Deposit

[edit] Coal

  • Mine 12 coal mining in Kemerovo Oblast
  • Neryungriugol coal mining; Denisovskoye Field in Republic of Sakha, in association with Mitsui Company
  • Raspadskaya/Joint Stock Company Raspadskaya underground coking coal mining in Kemerovo, in association with Corber Enterprises Limited
  • Yuzhkuzbassugol coking coal mining in the Kuzbass Region

[edit] Vanadium

  • Highveld Steel and Vanadium Corporation Ltd. in South Africa

[edit] Other operations/Distribution

  • Evraztrans Evraz' railway forwarding company
  • Ferrotrade Limited selling Evraz' products in China and Southeast Asia
  • Metallenergofinance MEF, supplying electricity and heat for Evraz facilities
  • Nakhodka Commercial Sea Port in the Russian Far East, handling most of Evraz' exports NCSP
  • Trading House EvrazHolding/TH EvrazHolding working in domestic sales
  • Trading House EvrazResource/TH EvrazResource working in domestic sales

[edit] Notes

Prose contains specific citations in source text which may be viewed in edit mode.

[edit] External links