Russian mining and steel producing company Evraz has announced signing of an agreement with Ruda Khakasii on the acquisition by Ruda Khakasii of a number of Evrazruda's iron ore assets and utilities companies located in the Republic of Khakassia and Kemerovo region of Russia, for a total cash consideration of RUB 10 million (approximately $306,000).
The assets include the following iron ore mining and processing facilities and energy generating units: Abakan iron ore mine (Khakassia), Teya iron ore mine (Khakassia), Mundybash beneficiation plant (Kemerovo region), Abaza-Energo (Khakassia), and Teyskie Energoseti (Khakassia).
As of June 30, this year, the total gross assets of the companies were worth $9 million. In 2012, these assets recorded a total loss before tax of $20 million.
