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Evraz

October 16, 2023

EVRAZ plc (Russian: Евраз) is a UK-incorporated multinational steel manufacturing and mining company part-owned by Russian oligarchs.[3] It has operations mainly in Russia as well as the USA, Canada, and Kazakhstan. As of 2015, the ultimate beneficial owners were Russian oligarchs Roman Abramovich (31.03%), chairman Alexander Abramov (21.59%) and CEO Aleksandr Frolov (10.78%) with the remaining 36.6% shares owned by other shareholders.[2]

EVRAZ plc
TypePublic limited company
LSE: EVR
FTSE 100 Index component
IndustrySteel
Mining
Founded1992 (Moscow)
HeadquartersMoscow, Russian Federation
ProductsSteel
Steel products
Vanadium Slag
Iron ore
Coal
Revenue US$13.224 billion (2021)[1]
US$4,583 billion (2021)[1]
US$3.524 billion (2021)[1]
OwnerRoman Abramovich (30.5%)[2]
Number of employees
71,591 (2021)[1]
Websitewww.evraz.com

History Edit

The company was founded as a small metal-trading business in 1992.[4] On 2 June 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR in London.[5] The company was priced at $14.50 per GDR implying an equity value of $5.15 billion.[5] An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.[6]

The company acquired Claymont Steel from H.I.G. Capital in 2008 for US$564.8 million.[7] The mill was closed in December 2013.[8]

In 1998, Otari Arshba, who was a KGB officer and, later, was an FSB officer, became the director of public relations, and then he successively held the positions of vice president and senior vice president. Until March 2004, he was the chairman of the board of directors of the holding company according to a Gordonua.com article.[9]

Sanctions Edit

In the aftermath of the 2022 Russian invasion of Ukraine, the British government accused the company of "providing financial services or making available funds, economic resources, goods or technology that could contribute to destabilising Ukraine."[10] After sanctions were applied to Abramovich, owner of 29% of the company,[11] the Financial Conduct Authority suspended the trading of Evraz shares on the London Stock Exchange.[12] The non-executive members of the board subsequently resigned.[11]

On 10 August 2022, Reuters reported that Evraz was seeking to sell its North American units.[13]

Operations Edit

Evraz sets aside its coal business by the end of the year 2021 on the premise of all needed approvals, according to the group's report of the 1st half of 2021. In the very beginning of 2021 EVRAZ announced expecting to spin off its coal division consolidated in Raspadskaya. In April 2021, the group's board of directors approved the demerger of its coal assets to be shared pro rata among Evraz shareholders.[14] In January 2022, Evraz shareholders also approved the demerger of the group's coal business, consolidated at PJSC "Raspadskaya" after the final decision made by the board of directors of Evraz last December.[15]

The business structure is as follows:[16]

Steel Edit

Ore Edit

  • 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
  • Kachkanarsky Ore Mining and Processing Enterprise – Vanady – KGOK pit mining in Sverdlovsk region;
  • Sukha Balka Mines, Kryvyi Rih, Ukraine.

Coal Edit

  • Yuzhkuzbassugol coking coal mining in the Kuzbass Region
  • Raspadskaya/ coking coal company with three mines and one open pit in Mezhdurechensk, Kemerovo region, EVRAZ owns 82% of Raspadskaya

Vanadium Edit

  • EVRAZ Vanady Tula
  • EVRAZ Nikom
  • EVRAZ East Metals AG

Sales and logistics Edit

  • Metallenergofinance MEF, supplying electricity and heat for Evraz facilities
  • Nakhodka Commercial Sea Port in the Russian Far East, handling most of Evraz' exports
  • Trading House EvrazHolding/TH EvrazHolding working in domestic sales
  • Trading House EvrazResource/TH EvrazResource working in domestic sales

Corporate structure Edit

The company's interests in the majority of its subsidiaries are held indirectly through its ownership of Mastercroft. In June 2006, Evraz Group announced a transaction that resulted in the transfer to Greenleas International Holdings of a 50% interest in Lanebrook Ltd., an entity controlled by the principal shareholders of Evraz Group. As of April 2015 Lanebrook Ltd. held 63.70% of the company's shares, with the ultimate beneficial owners being Roman Abramovich (31.03%), chairman Alexander Abramov (21.59%) and CEO Aleksandr Frolov (10.78%).[2]

Carbon footprint Edit

Evraz reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 43,620 Kt (+280/+0.6% y-o-y).[17]

Evraz's Total CO2e emissions (Direct + Indirect) (in kilotonnes)
Dec 2018 Dec 2019 Dec 2020
38,790[18] 43,340[19] 43,620[17]

See also Edit

References Edit

  1. ^ a b c d "Annual Results 2021" (PDF). Evraz. Retrieved 25 February 2022.
  2. ^ a b c . Evraz. Archived from the original on 15 October 2018. Retrieved 2015-03-17.
  3. ^ Pfeifer, Sylvia (2022-03-10). "Evraz shares suspended after Abramovich sanction news". Financial Times. Retrieved 2022-03-10.
  4. ^ "History of the Evraz Group". steelonthenet.com. Retrieved 28 March 2015.
  5. ^ a b EVRAZ Raises $422M in soft London IPO 2013-07-01 at the Wayback Machine St Petersburg Times, 3 June 2005
  6. ^ . City AM. 29 May 2013. Archived from the original on 25 September 2018. Retrieved 28 March 2015.
  7. ^ Sandle, Paul (2007-12-10). "Evraz Group agrees to buy Claymont Steel for about 564.8 mln usd cash". AFX News Limited. Thomson Financial News.[dead link]
  8. ^ "Evraz Claymont Steel shutting down". Gannett. 14 October 2013.
  9. ^ [Notes of a former lieutenant colonel of the KGB: Agency of influence of the Russian "deep state": Volodymyr Popov, one of the authors of the book "The KGB Plays Chess" and a former employee of the State Security Committee of the USSR, recently completed work on his memoirs. In the book "Conspiracy of scoundrels. Notes of a former lieutenant colonel of the KGB", he talks about the formation of the regime of Russian President Vladimir Putin, his associates, his work in the committee and the main events in which the Soviet special services were involved. Previously, books were not published. With the consent of the author, the publication "GORDON" exclusively publishes sections from it. In this part, Popov writes about KGB agents in business and civil service.]. «ГОРДОН» (Gordonua.com) (in Ukrainian). 12 August 2020. Archived from the original on 17 July 2023. Retrieved 17 July 2023. All archived articles of "Заговор негодяев. Записки бывшего подполковника КГБ", "Владимир Попов" 2020 ("Conspiracy of scoundrels. Notes of a former KGB lieutenant colonel", "Vladimir Popov" 2020): , , and
  10. ^ "Evraz shares sink after Abramovich sanctions and government accusations of backing Russian forces". CityAM. 2022-03-10. Retrieved 2022-03-10.
  11. ^ a b Sweney, Mark (11 March 2022). "Evraz board resigns after sanctions imposed on Roman Abramovich". The Guardian. Retrieved 11 March 2022.
  12. ^ "Notice Of Temporary Suspension Of Listing From The Official List". London Stock Exchange. 10 March 2022. Retrieved 11 March 2022.
  13. ^ Anilkumar, Radhika (10 August 2022). "Evraz selling North American units". U.S. News & World Report. Retrieved 10 August 2022.
  14. ^ "Evraz demerges of its coal business". Interfax.com. 2021-08-05.
  15. ^ "Акционеры Evraz одобрили выделение угольных активов" (in Russian). Интерфакс. 2022-01-11.
  16. ^ Our business 2011-12-05 at the Wayback Machine Evraz
  17. ^ a b (PDF). Archived from the original (PDF) on May 16, 2021. Alt URL
  18. ^ (PDF). Archived from the original (PDF) on May 16, 2021. Alt URL
  19. ^ (PDF). Archived from the original (PDF) on May 16, 2021. Alt URL

External links Edit

  • Official Website

October 16, 2023
evraz, evraz, russian, Евраз, incorporated, multinational, steel, manufacturing, mining, company, part, owned, russian, oligarchs, operations, mainly, russia, well, canada, kazakhstan, 2015, ultimate, beneficial, owners, were, russian, oligarchs, roman, abramo. EVRAZ plc Russian Evraz is a UK incorporated multinational steel manufacturing and mining company part owned by Russian oligarchs 3 It has operations mainly in Russia as well as the USA Canada and Kazakhstan As of 2015 the ultimate beneficial owners were Russian oligarchs Roman Abramovich 31 03 chairman Alexander Abramov 21 59 and CEO Aleksandr Frolov 10 78 with the remaining 36 6 shares owned by other shareholders 2 EVRAZ plcTypePublic limited companyTraded asLSE EVRFTSE 100 Index componentIndustrySteelMiningFounded1992 Moscow HeadquartersMoscow Russian FederationProductsSteel Steel products Vanadium Slag Iron ore CoalRevenueUS 13 224 billion 2021 1 Operating incomeUS 4 583 billion 2021 1 Net incomeUS 3 524 billion 2021 1 OwnerRoman Abramovich 30 5 2 Number of employees71 591 2021 1 Websitewww wbr evraz wbr com Contents 1 History 1 1 Sanctions 2 Operations 2 1 Steel 2 2 Ore 2 3 Coal 2 4 Vanadium 2 5 Sales and logistics 2 6 Corporate structure 3 Carbon footprint 4 See also 5 References 6 External linksHistory EditThe company was founded as a small metal trading business in 1992 4 On 2 June 2005 Evraz Group floated some 8 3 percent of its shares in the form of GDR in London 5 The company was priced at 14 50 per GDR implying an equity value of 5 15 billion 5 An additional 6 stake was placed in January 2006 resulting in a total free float of 14 3 6 The company acquired Claymont Steel from H I G Capital in 2008 for US 564 8 million 7 The mill was closed in December 2013 8 In 1998 Otari Arshba who was a KGB officer and later was an FSB officer became the director of public relations and then he successively held the positions of vice president and senior vice president Until March 2004 he was the chairman of the board of directors of the holding company according to a Gordonua com article 9 Sanctions Edit In the aftermath of the 2022 Russian invasion of Ukraine the British government accused the company of providing financial services or making available funds economic resources goods or technology that could contribute to destabilising Ukraine 10 After sanctions were applied to Abramovich owner of 29 of the company 11 the Financial Conduct Authority suspended the trading of Evraz shares on the London Stock Exchange 12 The non executive members of the board subsequently resigned 11 On 10 August 2022 Reuters reported that Evraz was seeking to sell its North American units 13 Operations EditEvraz sets aside its coal business by the end of the year 2021 on the premise of all needed approvals according to the group s report of the 1st half of 2021 In the very beginning of 2021 EVRAZ announced expecting to spin off its coal division consolidated in Raspadskaya In April 2021 the group s board of directors approved the demerger of its coal assets to be shared pro rata among Evraz shareholders 14 In January 2022 Evraz shareholders also approved the demerger of the group s coal business consolidated at PJSC Raspadskaya after the final decision made by the board of directors of Evraz last December 15 The business structure is as follows 16 Steel Edit Nizhny Tagil Iron and Steel Plant NTMK in Nizhny Tagil major steel and vanadium slag producer Novokuznetsk Iron and Steel Plant NKMK in Novokuznetsk major steel producer leading in railway steel merged with EVRAZ ZSMK EVRAZ Consolidated West Siberian Metallurgical Plant EVRAZ ZSMK large steel producer in Siberia merged with EVRAZ NKMK in 2011 http www mbdatabase com Basic Information EVRAZ ZSMK Consolidated West Siberian Metallurgical Plant 20264 1 EVRAZ North America leading steel manufacturer built on the pedigree of successful steel companies formerly known as Oregon Steel Mills Rocky Mountain Steel and IPSCO The company is headquartered in Chicago Ill and its six manufacturing facilities are located in Portland Oregon Regina Saskatchewan Pueblo Colorado Calgary Camrose and Red Deer Alberta Ore Edit 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 Kachkanarsky Ore Mining and Processing Enterprise Vanady KGOK pit mining in Sverdlovsk region Sukha Balka Mines Kryvyi Rih Ukraine Coal Edit Yuzhkuzbassugol coking coal mining in the Kuzbass Region Raspadskaya coking coal company with three mines and one open pit in Mezhdurechensk Kemerovo region EVRAZ owns 82 of RaspadskayaVanadium Edit EVRAZ Vanady Tula EVRAZ Nikom EVRAZ East Metals AGSales and logistics Edit Metallenergofinance MEF supplying electricity and heat for Evraz facilities Nakhodka Commercial Sea Port in the Russian Far East handling most of Evraz exports Trading House EvrazHolding TH EvrazHolding working in domestic sales Trading House EvrazResource TH EvrazResource working in domestic salesCorporate structure Edit The company s interests in the majority of its subsidiaries are held indirectly through its ownership of Mastercroft In June 2006 Evraz Group announced a transaction that resulted in the transfer to Greenleas International Holdings of a 50 interest in Lanebrook Ltd an entity controlled by the principal shareholders of Evraz Group As of April 2015 Lanebrook Ltd held 63 70 of the company s shares with the ultimate beneficial owners being Roman Abramovich 31 03 chairman Alexander Abramov 21 59 and CEO Aleksandr Frolov 10 78 2 Carbon footprint EditEvraz reported Total CO2e emissions Direct Indirect for 31 December 2020 at 43 620 Kt 280 0 6 y o y 17 Evraz s Total CO2e emissions Direct Indirect in kilotonnes Dec 2018 Dec 2019 Dec 202038 790 18 43 340 19 43 620 17 See also EditList of steel producersReferences Edit a b c d Annual Results 2021 PDF Evraz Retrieved 25 February 2022 a b c Share information 20 April 2015 Evraz Archived from the original on 15 October 2018 Retrieved 2015 03 17 Pfeifer Sylvia 2022 03 10 Evraz shares suspended after Abramovich sanction news Financial Times Retrieved 2022 03 10 History of the Evraz Group steelonthenet com Retrieved 28 March 2015 a b EVRAZ Raises 422M in soft London IPO Archived 2013 07 01 at the Wayback Machine St Petersburg Times 3 June 2005 Russian and Kazakh firms set for relegation from FTSE 100 City AM 29 May 2013 Archived from the original on 25 September 2018 Retrieved 28 March 2015 Sandle Paul 2007 12 10 Evraz Group agrees to buy Claymont Steel for about 564 8 mln usd cash AFX News Limited Thomson Financial News dead link Evraz Claymont Steel shutting down Gannett 14 October 2013 Zapiski kolishnogo pidpolkovnika KDB Agentura vplivu rosijskoyi glibinnoyi derzhavi Odin z avtoriv knizhki KDB graye v shahi i kolishnij spivrobitnik Komitetu derzhbezpeki SRSR Volodimir Popov neshodavno zavershiv robotu nad svoyimi memuarami U knizhci Zmova negidnikiv Zapiski kolishnogo pidpolkovnika KDB vin rozpovidaye pro stanovlennya rezhimu rosijskogo prezidenta Volodimira Putina jogo soratnikiv pro svoyu robotu v komiteti ta golovni podiyi do yakih buli prichetnimi radyanski specsluzhbi Ranishe knizhki ne vidavali Za zgodoyu avtora vidannya GORDON eksklyuzivno publikuye rozdili z neyi U cij chastini Popov pishe pro agentiv KDB u biznesi ta na derzhsluzhbi Notes of a former lieutenant colonel of the KGB Agency of influence of the Russian deep state Volodymyr Popov one of the authors of the book The KGB Plays Chess and a former employee of the State Security Committee of the USSR recently completed work on his memoirs In the book Conspiracy of scoundrels Notes of a former lieutenant colonel of the KGB he talks about the formation of the regime of Russian President Vladimir Putin his associates his work in the committee and the main events in which the Soviet special services were involved Previously books were not published With the consent of the author the publication GORDON exclusively publishes sections from it In this part Popov writes about KGB agents in business and civil service GORDON Gordonua com in Ukrainian 12 August 2020 Archived from the original on 17 July 2023 Retrieved 17 July 2023 All archived articles of Zagovor negodyaev Zapiski byvshego podpolkovnika KGB Vladimir Popov 2020 Conspiracy of scoundrels Notes of a former KGB lieutenant colonel Vladimir Popov 2020 List part 1 List part 2 and List part 3 Evraz shares sink after Abramovich sanctions and government accusations of backing Russian forces CityAM 2022 03 10 Retrieved 2022 03 10 a b Sweney Mark 11 March 2022 Evraz board resigns after sanctions imposed on Roman Abramovich The Guardian Retrieved 11 March 2022 Notice Of Temporary Suspension Of Listing From The Official List London Stock Exchange 10 March 2022 Retrieved 11 March 2022 Anilkumar Radhika 10 August 2022 Evraz selling North American units U S News amp World Report Retrieved 10 August 2022 Evraz demerges of its coal business Interfax com 2021 08 05 Akcionery Evraz odobrili vydelenie ugolnyh aktivov in Russian Interfaks 2022 01 11 Our business Archived 2011 12 05 at the Wayback Machine Evraz a b Evraz s Sustainability Report for 2020Q4 PDF Archived from the original PDF on May 16 2021 Alt URL Evraz s Sustainability Report for 2020Q4 PDF Archived from the original PDF on May 16 2021 Alt URL Evraz s Sustainability Report for 2020Q4 PDF Archived from the original PDF on May 16 2021 Alt URLExternal links EditOfficial Website Retrieved from https en wikipedia org w index php title Evraz amp oldid 1178537563, wikipedia, wiki, book, books, library,

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