Siberian Coal Energy Company: Difference between revisions
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In June 2010, SUEK obtained regulatory approval to list up to 25% of its shares abroad. However, in August 2010 |
In June 2010, SUEK obtained regulatory approval to list up to 25% of its shares abroad. However, in August 2010 the [[Initial public offering|IPO]] was postponed for unspecified period.<ref name=reuters020810> |
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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> |
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> |
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Revision as of 13:32, 5 March 2012
 | |
| Company type | Private (Open joint stock company) |
|---|---|
| Industry | Coal mining |
| Founded | 2001 |
| Headquarters | , Russia |
Area served | Siberia and Far East |
Key people | Andrey Melnichenko (chairman) Vladimir Rashevsky (CEO) Alexander Landia (Senior independent director) |
| Products | Coal |
| Revenue | 5,693,000,000 United States dollar (2017)  |
| 167 billion RUR (2011) | |
| 24.9 billion RUR (2011) | |
| Total assets | 10,230,000,000 United States dollar (2017) |
| Owner | Andrey Melnichenko Sergei Popov |
Number of employees | 30,000 |
| Parent | Donalink Ltd |
| Website | www |
Siberian Coal Energy Company (SUEK) is 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 the IPO was postponed for unspecified period.[2][3]
In December 2010, the Federal Antimonopoly Service determined collusion by SUEK and two other coal producers. These accusations were denied by SUEK.[4]
In February 2012, SUEK bought 24.9% stake in the Murmansk port.[5]
Operations
SUEK provides about 31% of coal in the Russian market and about 25% of Russian coal exports.[6] 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.[7]
In addition to the coal mines, SUEK ws a shareholder of several Siberian and Far-Eastern power companies, most prominently in Kuzbassenergo (TGK-12) and Yenisei TGK (TGK-13).[7] However, in April 2011 the company announced a plan to de-merge its power assets. As the first stage of de-merging, the power assets were transferred to Siberian Energy Investments Ltd., a holding company controlled by the SUEK's major shareholder Donalink Ltd.[8][9][10]
Owners
The chairman of the board of directors is Andrey Melnichenko 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.[7][3]
References
- ^ "Gazprom, SUEK Drifted Apart". Kommersant. 2008-06-10. Retrieved 2011-01-01.
- ^ Astrasheuskaya, Nastassia (2010-08-02). "Russian miner SUEK not planning IPO for a year-IFX". Reuters. Retrieved 2011-01-01.
- ^ a b Devitt, Polina (2011-06-08). "Russia's SUEK puts IPO on hold as ownership changes". Reuters. Retrieved 2012-03-05.
- ^ Khrennikov, Ilya (2010-12-28). "Suek Says Not Involved in $165,000 Collusion Found by Watchdog". Bloomberg. Retrieved 2011-01-01.
- ^ Cowhig, Jacqueline (2012-02-22). "SUEK buys 24.9 pct of Murmansk port". Reuters. Retrieved 2012-03-05.
- ^ "The share of "SIBENCO" in TGC-13 to 61.24%". Rusmergers.com. 2010-04-02. Retrieved 2011-01-01.
- ^ a b c "SUEK acquired a controlling stake in TGK-12 and TGK-13". Rusmergers.com. 2010-03-04. Retrieved 2011-01-01.
- ^ "OJSC SUEK announces intention to demerge its power generation business" (Press release). SUEK. 2011-04-15. Retrieved 2012-03-05.
- ^ "SUEK OAO Sells Its 50% Stake In Kuzbassenergo OAO-SKRIN". Reuters. 2011-04-25. Retrieved 2012-03-05.
- ^ "SIBERIAN ENERGY INVESTMENTS LTD Increases Its Stake In Kuzbassenergo OAO-SKRIN". Reuters. 2011-04-25. Retrieved 2012-03-05.