OREANDA-NEWS. April 21, 2008. OAO Severstal (“Severstal”) and Rostekhnadzor (the Federal Service for Ecological, Technological and Nuclear Supervision) have signed an agreement of cooperation.

Severstal and Rostekhnadzor’s shared expertise will vastly improve industrial and environmental safety across Severstal’s businesses – from mining to processing.

Severstal and Rostekhnadzor have agreed to cooperate in risk assessment and management in the course of operating potentially hazardous production facilities, as well as in improving industrial safety management systems. The agreement will lead to the introduction of advanced production control practices, the development of more efficient forms of government supervision over industrial and environmental safety.

Severstal Chief Executive Alexey Mordashov said: “I am pleased to announce this cooperation. At Severstal health, safety and the environment are amongst of our core priorities. We aspire to eliminate any harm to people or to the environment at all stages of our operations: from coal mining and extraction of raw materials, iron and steel smelting and up to manufacture of final high-tech metallurgical products. We also have a strong track record in environmental protection at each of our facilities which is improving year by year.”