Evraz targets higher EBITDA, cash flow

Capital expenditure of Evraz Plc, a holding company of Russian metals and mining consortium Evraz Group, is expected to average $1.5bn in 2012-2016, RBC reports citing the company statement.

These investments could have a positive impact on the company's EBITDA and cash flow starting 2013. By 2016, Evraz intends to boost its EBITDA to $5bn.

Earlier, Evraz had decided to pay out $0.17 per ordinary share in dividends for 2011.