Evraz scraps demerger of coal assets
Evraz, the Russian steelmaker whose biggest shareholder is Roman Abramovich, will not proceed with the separation of its coal assets, it said on Friday, citing sanctions on the country following the Ukraine invasion.
The London-listed company said the "unprecedented" sanctions against Russia were "outside of (its) control".
The move comes after Evraz had indefinitely suspended the demerger of its coal assets, consolidated under Raspadskaya (RASP), last month. R
Evraz said its shares would continue to hold interest in RASP when trading of its shares is restored.
Index provider FTSE Russell in March said it would delete four Russia-focussed companies including Evraz from all FTSE's indexes, after many brokers refused to trade their shares.
Britain imposed sanctions on Russian oligarch Abramovich, the owner of Chelsea soccer club, on March 10, freezing his assets and preventing him from travelling to the country.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















