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{{Infobox company
'''Siberian Coal Energy Company''' (SUEK) is the Russia's largest coal producing corporation, which has affiliates and subsidiaries in [[Krasnoyarsk Oblast]], [[Primorsky Krai]], and [[Khabarovsk Krai]], [[Irkutsk Oblast|Irkutsk]], [[Chita Oblast]], [[Kemerovo Oblast]], [[Republic of Buryatia|Buryatia]] and [[Khakassia]]. In 2006 SUEK produced 89.7 million tons of coal. In addition to the coal mines, SUEK is a shareholder of several Siberian and Far-Eastern power companies.
| name = Siberian Coal Energy Company<br/>SUEK
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| key_people = [[Alexander Landia]] (chairman)<br/>[[Vladimir Rashevsky]] (CEO)
| industry = Energy
| products = Coal<br/>Electricity
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| homepage = [http://www.eng.suek.ru/ www.suek.ru]
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'''Siberian Coal Energy Company''' (SUEK) is the Russia's largest coal producing corporation, which has affiliates and subsidiaries in [[Krasnoyarsk Oblast]], [[Primorsky Krai]], and [[Khabarovsk Krai]], [[Irkutsk Oblast|Irkutsk]], [[Chita Oblast]], [[Kemerovo Oblast]], [[Republic of Buryatia|Buryatia]] and [[Khakassia]].


==History==
The chairman of the board of directors is [[Alexander Landia]] and the CEO is [[Vladimir Rashevsky]].
In February 2007, SUEK and [[Gazprom]] agreed to establish a joint company on the basis of their electricity and coal assets. The shares of new company would have been divided on the basis of 50% plus 1 share to Gazprom and 50% minus 1 share to SUEK. However, that deal was abandoned.<ref name=kommersant100608>
{{cite news
| url= http://www.kommersant.com/p901939/r_500/Gazprom_SUEK_abandon_/
| title = Gazprom, SUEK Drifted Apart
| newspaper = [[Kommersant]]
| date=2008-06-10
| accessdate=2011-01-01}}
</ref>


In June 2010, SUEK obtained regulatory approval to list up to 25% of its shares abroad. However, in August 2010 this was postponed at least a year.<ref name=reuters020810>
In February 2007, SUEK and [[Gazprom]] agreed to establish a joint company on the basis of their electricity and coal assets. The shares of new company would have been divided on the basis of 50% plus 1 share to Gazprom and 50% minus 1 share to SUEK. However, that deal fell apart in June 2007.
{{cite news
| url= http://uk.reuters.com/article/idUKLDE66F0AP20100802
| title = Russian miner SUEK not planning IPO for a year-IFX
| first = Nastassia | last = Astrasheuskaya
| agency = [[Reuters]]
| date=2010-08-02
| accessdate=2011-01-01}}
</ref>

In December 2010, the [[Federal Antimonopoly Service]] determined collusion by SUEK and two other coal producers. These accusations were denied by SUEK.<ref name=bloomberg281210>
{{cite news
| url= http://www.bloomberg.com/news/2010-12-28/suek-says-not-involved-in-165-000-collusion-found-by-watchdog.html
| title = Suek Says Not Involved in $165,000 Collusion Found by Watchdog
| first = Ilya | last = Khrennikov
| agency = [[Bloomberg L.P.|Bloomberg]]
| date=2010-12-28
| accessdate=2011-01-01}}
</ref>

==Operations==
SUEK provides about 31% of coal in the Russian market and about 25% of Russian coal exports.<ref name=rusmergers020410>
{{cite news
| url= http://rusmergers.com/en/mna/1111-.html
| title = The share of "SIBENCO" in TGC-13 to 61.24%
| work= Rusmergers.com
| date=2010-04-02
| accessdate=2011-01-01}}
</ref> It develops Kharanor, East, and Tugnuyskogo deposits of coal, and has a license for the development of Nicholas deposit. In 2007, SUEK produced 90.9&nbsp;million tons of coal.<ref name=rusmergers040310>
{{cite news
| url= http://rusmergers.com/en/mna/449-.html
| title = SUEK acquired a controlling stake in TGK-12 and TGK-13
| work= Rusmergers.com
| date=2010-03-04
| accessdate=2011-01-01}}
</ref> In addition to the coal mines, SUEK is a shareholder of several Siberian and Far-Eastern power companies, most prominently in [[Kuzbassenergo]] (TGK-12) and [[Yenisei TGK]] (TGK-13).<ref name=rusmergers040310/>

==Owners==
The chairman of the board of directors is [[Alexander Landia]] and the CEO is [[Vladimir Rashevsky]], a minor shareholder of the company. 99% of SUEK shares are owned by Donalink Ltd, a Cyprus-registered company controlled by [[Andrey Melnichenko]] and [[Sergei Viktorovich Popov|Sergei Popov]].<ref name=rusmergers040310/>

==References==
{{Reflist}}


==External links==
==External links==
*[http://www.eng.suek.ru/ Corporate website of SUEK]
*{{official|http://www.eng.suek.ru/}}


[[Category:Power companies of Russia]]
[[Category:Power companies of Russia]]

Revision as of 19:14, 1 January 2011

Siberian Coal Energy Company
SUEK
IndustryEnergy
Key people
Alexander Landia (chairman)
Vladimir Rashevsky (CEO)
ProductsCoal
Electricity
Revenue5,693,000,000 United States dollar (2017) Edit this on Wikidata
1,076,000,000 United States dollar (2017) Edit this on Wikidata
657,000,000 United States dollar (2017) Edit this on Wikidata
Total assets10,230,000,000 United States dollar (2017) Edit this on Wikidata
Websitewww.suek.ru

Siberian Coal Energy Company (SUEK) is the Russia's largest coal producing corporation, which has affiliates and subsidiaries in Krasnoyarsk Oblast, Primorsky Krai, and Khabarovsk Krai, Irkutsk, Chita Oblast, Kemerovo Oblast, Buryatia and Khakassia.

History

In February 2007, SUEK and Gazprom agreed to establish a joint company on the basis of their electricity and coal assets. The shares of new company would have been divided on the basis of 50% plus 1 share to Gazprom and 50% minus 1 share to SUEK. However, that deal was abandoned.[1]

In June 2010, SUEK obtained regulatory approval to list up to 25% of its shares abroad. However, in August 2010 this was postponed at least a year.[2]

In December 2010, the Federal Antimonopoly Service determined collusion by SUEK and two other coal producers. These accusations were denied by SUEK.[3]

Operations

SUEK provides about 31% of coal in the Russian market and about 25% of Russian coal exports.[4] It develops Kharanor, East, and Tugnuyskogo deposits of coal, and has a license for the development of Nicholas deposit. In 2007, SUEK produced 90.9 million tons of coal.[5] In addition to the coal mines, SUEK is a shareholder of several Siberian and Far-Eastern power companies, most prominently in Kuzbassenergo (TGK-12) and Yenisei TGK (TGK-13).[5]

Owners

The chairman of the board of directors is Alexander Landia and the CEO is Vladimir Rashevsky, a minor shareholder of the company. 99% of SUEK shares are owned by Donalink Ltd, a Cyprus-registered company controlled by Andrey Melnichenko and Sergei Popov.[5]

References

  1. ^ "Gazprom, SUEK Drifted Apart". Kommersant. 2008-06-10. Retrieved 2011-01-01.
  2. ^ Astrasheuskaya, Nastassia (2010-08-02). "Russian miner SUEK not planning IPO for a year-IFX". Reuters. Retrieved 2011-01-01.
  3. ^ Khrennikov, Ilya (2010-12-28). "Suek Says Not Involved in $165,000 Collusion Found by Watchdog". Bloomberg. Retrieved 2011-01-01.
  4. ^ "The share of "SIBENCO" in TGC-13 to 61.24%". Rusmergers.com. 2010-04-02. Retrieved 2011-01-01.
  5. ^ a b c "SUEK acquired a controlling stake in TGK-12 and TGK-13". Rusmergers.com. 2010-03-04. Retrieved 2011-01-01.