OAO Severstal reports on the Safety Program at plants
20.03.2009
Severstal’s Russian Steel division reported over 250 actions which have been undertaken at the Cherepovets Steel Mill (CherMK). RUR 330.1 million were spent, in order to improve industrial and fire safety as well as to provide healthy labor conditions in the work place. These actions resulted in an overall reduction of job-related incidents by 37%, and fire hazardous incidents by 20% compared to 2007. Micro-injuries cases at Izhora Pipe Mill were reduced by 25% compared to 2007. At SMC-Kolpino no incidents were reported involving SMC staff or contractors’ over the period from 2007 to 2008.
Severstal’s Resources division also reported a substantial reduction in injury rates. Occupational injuries were reduced by 32% in 2008 compared to 2007. Over the past three years, the annual injury rate was reduced by 30-40% due to the implementation of the comprehensive program “Safety for Everybody”. This program implements the DuPont methodology, at the core of which lies the need for corporate culture development, which raises overall awareness amongst all employees of health and safety. Since 2005 the number of occupational injuries fell by 80%
“Severstal-Resources” spent RUR 758 million on improving the health and safety amongst employees. This number includes RUR 518 million spent at OAO “Vorkutaugol” mines.
Contacts
Olga Antonova,
Head of OAO Severstal press office
+7 (495) 926 7766,
antonova@severstal.com
Oleg Bykov
OAO Severstal press office
+7 (495) 926 7766,
oy.bykov@severstal.ru
OAO Severstal is an international metals and mining company with a listing on the Russian Trading System, Moscow Interbank Currency Exchange and the London Stock Exchange. Incorporated in 1993, the company focuses on high value added and unique niche products and has a successful track record of acquiring and operating high-quality assets in North America and Europe. Severstal owns mining assets in Russia and in the US, thus securing its supplies of raw materials. Its enterprises are located in Russia, Ukraine, Kazakhstan, United Kingdom, France, Italy, United States and Africa. In 2008, Severstal produced 19.2 million tones of steel. Revenues were $22.4 billion and EBITDA was $5.4 billion. EPS was $2.2.
Severstal Resources is one of the biggest Russian mining companies and manages all Severstal‘s mining assets: two iron ore mining complexes (Karelsky Okatysh and Olcon) and a coking coal complex (Vorkutaugol) in northwest Russia, one coking coal complex in USA (PBS Coals), an exploration project Severstal Liberia Iron Ore in Western Africa and a mine design institute SPb-Giproshakht. In 2007 the Gold division was established. This now includes a number of gold mining assets in Russia, Kazakhstan and Burkina Faso as well as several gold exploration fields in these regions. In 2008 Severstal Resources' mines and plants produced 9.3 million tonnes of iron ore pellets, 4.7 million tonnes of iron ore concentrate, 4.6 million tonnes of coking coal concentrate, 0.7 million tonnes of coking coal, 2.2 million tonnes of steam coal and 6 tonnes of gold.
