Severstal estimated losses from accident at Severnaya mine at $4 million

According to the report under IAS for the first quarter of 2016, as a result of the tragic accident at the Severnaya mine in February, the holding company’s losses amounted to $4 million. Half of them ($2 million) was spent to pay compensations to the families of 31 dead miners and 5 rescuers.

Other 2 million of the loss were counted as damage, caused by the loss of the equipment in the exploded mine.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer