Metalloinvest
TypeJoint stock
IndustryMining, steel
Founded1999
HeadquartersMoscow
Key people
Nazim Efendiev (Chairman of the Board of Directors)[1]
ProductsIron ore
Steel
Steel products
Financial services
Revenue₽363 billion[2] (2017)
$1.14 billion[3] (2016)
$1.15 billion[3] (2016)
Total assets$6.2 billion[3] (2016)
Total equity$975 million[3] (2016)
OwnerUSM Holdings (100%)[4]
Number of employees
60,000 (2014)[5]
Websitemetalloinvest.com

Metalloinvest Management Company LLC (Russian: Металлоинвест) is a Russian mining and metallurgy company specializing in the manufacture of steel. It was founded in 1999 and is composed of a mining division (Lebedinsky GOK and Mikhailovsky GOK) and a steel division (Oskol Elektrometallurgical Plant (OEMK) and Ural Steel). USM Holdings Business Development owns 100% of Metalloinvest JSC. Alisher Usmanov is the major beneficiary of USM Holdings (60%), with other major beneficiaries — the companies of Andrei Skoch and Farhad Moshiri — owning 30% and 10%, respectively.[4]

In August 2021 Bloomberg News announced the first IPO of Metalloinvest in 2022 with around 22 billion dollars due diligence.[6] In 2022, the company's revenue amounted to 121 billion rubles.[7]

Mikhailovsky GOK, one of the largest iron ore mining and processing facilities in Russia and the CIS.

Investments

  • Metalloinvest Holding in Moscow
  • In August 2017, Metalloivest Holding acquired shares in Nautilus Minerals together with Mawarid Offshore Mining.[8]

Mining

  • Lebedinsky Mining[9] and Processing Integrated Works/Lebedinsky GOK in Gubkin, Belgorod Oblast; 20% share of domestic iron ore market[10]
  • Mikhailovsky Mining and Processing Integrated Works/Mikhailovsky GOK[11] in Zheleznogorsk, Kursk Oblast; another 20% share of the domestic iron ore market
  • Norilsk Nickel: in July 2017 Metalloinvest Cyprus, an indirect subsidiary of Metalloinvest, completed the sale of its 1.79% stake in mining company Norilsk Nickel.[12] The sale raised around $400 million.[13]

Metallurgy

  • Ural Steel, based in Novotroitsk, Orenburg Oblast; large Russian integrated steel manufacturer. In 2017 SteelAsia announced an increase in the amount of steel to be purchased from Metalloinvest owned Ural Steel.[14] In February 2022, Metalloinvest announced the sale of 100% of "Ural Steel" to Zagorsky pipe plant.[15]
  • Oskol Electrometallurgical Integrated Works in Stary Oskol, Belgorod Oblast; large electric steel manufacturer[16]
  • Oskol Trading Metallurgical Company LLC in Moscow
  • Moldova Metallurgical Plant (MMP), large electric steel manufacturer[17]
  • Provider of 1.6 million tons of pellets and 1.8 million tons of iron to Evraz in a partnership deal signed in August 2017[18]

Mechanical engineering

Distribution and other

  • Metalloinvesttrans, transport, rail transport, sea terminals
  • OJSC Tulachermet

HoReCa

  • Safisa, restaurant[19]

Competition

Domestic competitors include Evraz Group and Novolipetsk Steel.

See also

References

  1. ↑ "«Металлоинвест» сменил гендиректора". RBC (in Russian). 4 December 2023.
  2. ↑ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  3. 1 2 3 4 Error: Unable to display the reference properly. See the documentation for details.
  4. 1 2 "Shares". Archived from the original on 4 March 2016. Retrieved 28 February 2016.
  5. ↑ "Archived copy" (PDF). Archived (PDF) from the original on 11 March 2016. Retrieved 28 February 2016.{{cite web}}: CS1 maint: archived copy as title (link)
  6. ↑ "Russian Ore Giant Pushes Greener Steel Before Potential IPO". Bloomberg News. 20 August 2021.
  7. ↑ "АО "ХК "Металлоинвест"". www.rusprofile.ru (in Russian). Retrieved 27 October 2023.
  8. ↑ "Nautilus completes US$2 Million Private Placement". Archived from the original on 7 October 2017. Retrieved 7 October 2017.
  9. ↑ Davies, Rob; Beizsley, Daniel (11 September 2016). "Taxpayers funded loans for foreign metals firm amid UK steel crisis". The Guardian. ISSN 0261-3077. Archived from the original on 4 October 2017. Retrieved 19 September 2017.
  10. ↑ Lebedinsky GOK
  11. ↑ "Russian businessman Usmanov rejects opposition activist Navalny's bribe charges". TASS (in Russian). Archived from the original on 16 May 2017. Retrieved 19 September 2017.
  12. ↑ "Metalloinvest to sell Norilsk Nickel stake - bookrunner". Reuters. 20 July 2017. Archived from the original on 19 September 2017. Retrieved 19 September 2017.
  13. ↑ Reuters Editorial. "BRIEF-Russia's Metalloinvest sells Nornickel stake at $14.10/share". U.K. Archived from the original on 19 September 2017. Retrieved 19 September 2017. {{cite news}}: |author= has generic name (help)
  14. ↑ "BusinessWorld | SteelAsia forges deals with Russian steel makers". www.bworldonline.com. Archived from the original on 5 August 2017. Retrieved 19 September 2017.
  15. ↑ "Металлоинвест продаст Уральскую сталь Загорскому трубному заводу" (in Russian). Интерфакс. 3 February 2022.
  16. ↑ "Oskol". Archived from the original on 26 September 2017. Retrieved 1 April 2020.
  17. ↑ MMP
  18. ↑ "Evraz Signs Deal With Metalloinvest For Supply Of Iron Ore, Pellets". 7 August 2017. Archived from the original on 2 September 2017. Retrieved 19 September 2017.
  19. ↑ "Металлоинвест приобрел дом торжеств Сафиса на Воробьевых горах" (in Russian). Интерфакс. 25 January 2022.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.