The Russian iron ore and steel producer Evraz Group (Evraz) has announced the formal commencement of the process of disposal of selected assets of its South African subsidiary Highveld Steel and Vanadium Corporation Limited (Highveld).
Proposals regarding the purchase of these assets are expected to be submitted by vanadium and steel industry players in addition to private equity investors.
The sale of selected Highveld assets was required by the South African Competition Tribunal as a reservation to its approval of Evraz's proposed acquisition of Highveld.