Siberian Coal Energy Company
Siberian Coal Energy Company (SUEK) is the Russian largest coal producing corporation, which has affiliates and subsidiaries in Krasnoyarsk, Primorsky, and Khabarovsk Territories, Irkutsk, Chita and Kemerovo regions, 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.
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 fell apart in June 2007.
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