Russia’s Alrosa May Invite Evraz to Develop Deposit
Reuters reported Alrosa (RTC:ALNU) may invite steel maker Evraz (LON:EVR) to participate in the development of its $10 billion Timir iron ore project.
Reuters reported Alrosa (RTC:ALNU) may invite steel maker Evraz (LON:EVR) to participate in the development of its $10 billion Timir iron ore project.
Evraz Group declared that its subsidiary in Czech Republic, Evraz Vitkovice Steel signed a long term agreement with ArcelorMittal Ostrava. This agreement guarantees supply of liquid pig iron from ArcelorMittal Ostrava to the steelmaking facilities of Evraz Vitkovice Steel. Mr Giuseppe Mannina Evraz’s VP for international operations and sales stated: This agreement is a very [...]
Russian steel maker Evraz Group announced a JV with China Metallurgical Group Corp (MCC) to gain access to Australia’s vast iron ore reserves. Vladimir Zhukov, senior mining analyst for Lehman Brothers, said: Given Chinese demand for the raw materials used in steel production is expected to remain very strong, having something in Australia seems like the right [...]
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