EVRAZ Highveld Certified a Level 5 BEE Company (3717O)
September 16 2011 - 2:30AM
UK Regulatory
TIDMEVR
RNS Number : 3717O
Evraz Group S.A.
16 September 2011
EVRAZ Highveld Certified a Level 5 BEE Company
16 September 2011 - EVRAZ Highveld Steel and Vanadium Limited
(EVRAZ Highveld) (part of EVRAZ Group), has been awarded a Level 5
Broad-Based Black Economic Empowerment (B-BBEE) contributor rating
by South African National Accreditation System (SANAS) accredited
agency BLogic. This follows an intense focus on transformation
within the company over the past year. EVRAZ Highveld was
previously rated a Level 8 contributor.
Recognising the importance of B-BBEE as a business and national
strategy EVRAZ Highveld has taken a number of measures aimed at
increasing diversity across all levels. This has involved improving
representation of historically disadvantaged people in senior
management structures; the provision of advancement opportunities
to previously disadvantaged groups in the various management
structures; education programmes aimed at skills development;
preferential procurement, particularly among black owned SMMEs
(small-, micro- and medium-sized enterprises); and, the development
of local black owned businesses within the eMalahleni community to
become preferred suppliers.
Also, a number of external projects were implemented to target
the economic empowerment of communities, on both social and
business levels, through education, health, housing and supply
chain initiatives.
"EVRAZ Highveld aims to develop and support transformation both
nationally as well as within the company. We strive to make our
corporate structure reflective of the country's demographics and to
ensure that the principles of transformation are also reflected in
the communities of EVRAZ Highveld's operations", says EVRAZ
Highveld CEO, Michael Garcia. "In EVRAZ Highveld we strongly
believe that transformation needs to be taken into consideration at
all levels of the organisation as part of the business strategy.
B-BBEE is part of our business philosophy and we are looking
forward to moving further on and increasing our B-BBEE
results."
***
About Broad-Based Black Economic Empowerment
Broad-Based Black Economic Empowerment (B-BBEE) is a programme
launched by the South African government to redress the
inequalities of Apartheid by giving historically disadvantaged
groups economic opportunities previously not available to them. It
includes measures such as employment equity, skills development,
ownership, management, socio-economic development and preferential
procurement.
###
For further information:
Media contact: Oleg Kuzmin VP, Corporate Communications +7 495
937 6871 media@evraz.com
Investor contact: Alexander Boreyko Director, Investor Relations
+7 495 232 1370 ir@evraz.com
EVRAZ GROUP S.A. (EVRAZ) is a vertically-integrated steel,
mining and vanadium business with operations in the Russian
Federation, Ukraine, USA, Canada, Czech Republic, Italy and South
Africa. In 2010, the Company produced 16.3 million tonnes of crude
steel and sold 15.5 million tonnes of steel rolled products.
EVRAZ's internal consumption of iron ore and coking coal is covered
by its mining operations. EVRAZ's consolidated revenues for the
year ended 31 December 2010 were US$13,394 million and consolidated
adjusted EBITDA amounted to US$2,350 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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