Evraz Group has separated its iron ore and coal mining
divisions to "intensify the management of key product groups,"
the company said Thursday.
Evraz, co-owned by billionaire
Roman Abramovich, is set to become Russias largest coal
producer after closing a deal to double its 41-percent stake in
coal miner Raspadskaya OJSC, which is expected by year-end.
The coal division, which will
include Evrazs Yuzhkuzbassugol unit in Russias Ural
Mountains, will be headed by Sergei Stepanov, the former chief
executive officer of Russian gold producer Nordgold NV.
The iron ore division will
include Evrazs Kachkanarsky GOK and JSC Vysokogorsky GOK
ore mining and processing enterprises in the Urals and JSC
Evrazruda in Siberia.
The division will be headed by
Marat Atnashev, Evrazs vice president for major projects,
who will keep his current duties after taking the new
A version of this article was first published by AMM sister
publication Steel First.