| Industry | Energy |
|---|---|
| Headquarters | Moscow, Russia |
| Area served | Siberia and Far East |
| Key people | Alexander Landia (chairman) Vladimir Rashevsky (CEO) |
| Products | Coal Electricity |
| Owner(s) | Andrey Melnichenko Sergei Popov |
| Parent | Donalink Ltd |
| Subsidiaries | Kuzbassenergo Yenisei TGK |
| Website | www.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.
Contents |
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]
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]
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]