Siberian Coal Energy Company
Encyclopedia
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
.
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.
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.
In December 2010, the Federal Antimonopoly Service
determined collusion by SUEK and two other coal producers. These accusations were denied by SUEK.
(TGK-12) and Yenisei TGK (TGK-13).
and Sergei Popov
.
Primorsky Krai
Primorsky Krai , informally known as Primorye , is a federal subject of Russia . Primorsky means "maritime" in Russian, hence the region is sometimes referred to as Maritime Province or Maritime Territory. Its administrative center is in the city of Vladivostok...
, and Khabarovsk Krai
Khabarovsk Krai
Khabarovsk Krai is a federal subject of Russia , located in the Russian Far East. It lies mostly in the basin of the lower Amur River, but also occupies a vast mountainous area along the coastline of the Sea of Okhotsk, an arm of the Pacific Ocean. The administrative center of the krai is the...
, Irkutsk
Irkutsk Oblast
Irkutsk Oblast is a federal subject of Russia , located in southeastern Siberia in the basins of Angara River, Lena, and Nizhnyaya Tunguska Rivers. The administrative center is the city of Irkutsk. Population: -History:...
, Chita Oblast
Chita Oblast
Chita Oblast was a federal subject of Russia in southeast Siberia, Russia. Its administrative center was the city of Chita. It had extensive international borders with China and Mongolia and internal borders with Irkutsk and Amur Oblasts, as well as with the Buryat and the Sakha Republics. Its...
, Kemerovo Oblast
Kemerovo Oblast
Kemerovo Oblast , also known as Kuzbass after the Kuznetsk Basin, is a federal subject of Russia , located in southwestern Siberia, where the West Siberian Plain meets the South Siberian mountains...
, Buryatia and Khakassia
Khakassia
The Republic of Khakassia or Khakasiya is a federal subject of Russia located in south-central Siberia. Its capital city is Abakan, which is also the largest city in the republic...
.
History
In February 2007, SUEK and GazpromGazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...
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.
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.
In December 2010, the Federal Antimonopoly Service
Federal Antimonopoly Service
The Federal Antimonopoly Service of Russia, FAS is the federal-level executive governmental organ which controls the execution of the competition laws and related areas. It was established by the Decree of President of Russia # 314 by March 9, 2004. It is headed by Igor Artemyev...
determined collusion by SUEK and two other coal producers. These accusations were denied by SUEK.
Operations
SUEK provides about 31% of coal in the Russian market and about 25% of Russian coal exports. 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. In addition to the coal mines, SUEK is a shareholder of several Siberian and Far-Eastern power companies, most prominently in KuzbassenergoKuzbassenergo
Kuzbassenergo OAO is a Russian joint-stock company specialized in the distribution of energy. The company's headquarters are located in the Russian city of Barnaul, in the Altai Krai region ....
(TGK-12) and Yenisei TGK (TGK-13).
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 MelnichenkoAndrey Melnichenko
Andrey Melnichenko is a Russian businessman and billionaire.He is best known for his energy and banking businesses.- Career :He is the Chairman of the Board of Directors of EuroChem - one of Russia’s largest fertilizer companies with annual sales of 73.6 billion roubles US$2.5 billion) in 2009,...
and Sergei Popov
Sergei Viktorovich Popov
Sergei Viktorovich Popov is a Russian businessman and banker. He is Vice-Chairman of the Board of Directors of MDM Bank.-Biography:After studying at the Ural Polytechnic Institute with a specialization in Industrial Heat Power Engineering in 1993, Popov became a partner in the Ural-Siberian...
.