Russian mining and steel producing company
Evraz Group has announced that it has signed an agreement to divest its
Evraz Sukha Balka
iron ore mining and beneficiation plant in
Ukraine to
Ukraine-based Berklemond Investments for a consideration of $110 million.
Evraz Sukha Balka has been a subsidiary of
Evraz since 2007 and currently employs over 3,400 people. The plant’s annual
iron ore production capacity is approximately 3.1 million mt, while in 2016 it generated $145 million of revenue from continuing operations.