SOUTH AFRICAN AUTHORITIES ALLOW EVRAZ TO BUY HIGHVELD STAKE

摘要

South Africa's anti-monopoly agencies have cleared the way for Evraz Group to buy shares in the South African company Highveld Steel and Vanadium Corp Ltd. "Steps to develop the vanadium business required the approval of the EU and South African antimonopoly authorities. We finally received all the necessary permits yesterday," Evraz Group President Alexander Frolov said at a press conference at Interfax on April 27. Following the consolidation of Highveld Steel, Evraz Group will have a 30 percent share of the world's vanadium market, he said.