Russia’s Evraz sees annual capex in 2021–2026 at $1 bln

MOSCOW, Nov 10 (PRIME) -- U.K.-based mining giant Evraz, which operates mainly in Russia, expects its capital expenditures at U.S. $1 billion per year in 2021–2026, the company said in a statement on Wednesday.

The expenditure expectation includes the plans to invest around $200 million in environmental projects in 2022–2025, and several key investment projects to increase earnings before interest, taxes, depreciation, and amortization (EBITDA) by about $630 million, the company said.

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