The Russian iron ore and steel producer Evraz Group (Evraz) has announced that the European Commission (EC) has extended until April 20, 2008 the divestiture period during which the company's South Africa-based subsidiary Highveld Steel and Vanadium Limited (Highveld) has to dispose of certain of its vanadium assets.
The disposal of certain of Highveld's vanadium assets was requested by the EC as a reservation to its approval of Evraz's acquisition of Highveld.