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Article: Interfax Russia & CIS Metals and Mining Weekly.(Company overview)
- Article from:
- Mining & Metals Report
- Article date:
- September 3, 2009
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*** Steelmaker Evraz has posted H1 losses of just under $1 billion to IFRS, considerably higher than analysts forecast. It says it expects increasing demand from the world's emerging markets to inform better results in H2. The Group said it is also rounding off talks with VTB on extending the maturity of a 10-billion ruble loan by four years and discussing efforts to avoid breaking covenants on earlier loans. Evraz said it does not plan to draw a Sberbank credit facility of 8.8 billion rubles if market conditions do not deteriorate. It is not planning to pay dividends for 2009. All the group's plants also this week returned to ...