Metalloinvest

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.[3]

Metalloinvest
Joint stock
IndustryMining, steel
Founded1999
FounderAlisher Usmanov 
HeadquartersMoscow
Key people
Ivan Streshinsky (Chairman)
ProductsIron ore
Steel
Steel products
Financial services
Revenue₽363 billion[1] (2017)
$1.14 billion[2] (2016)
$1.15 billion[2] (2016)
Total assets$6.2 billion[2] (2016)
Total equity$975 million[2] (2016)
OwnerUSM Holdings (100%)[3]
Number of employees
60,000 (2014)[4]
Websitewww.metalloinvest.com
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.[5]

Mining

  • Lebedinsky Mining[6] and Processing Integrated Works/Lebedinsky GOK in Gubkin, Belgorod Oblast; 20% share of domestic iron ore market[7]
  • Mikhailovsky Mining and Processing Integrated Works/Mikhailovsky GOK[8] 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.[9] The sale raised around $400 million.[10]

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.[11]
  • Oskol Electrometallurgical Integrated Works in Stary Oskol, Belgorod Oblast; large electric steel manufacturer[12]
  • Oskol Trading Metallurgical Company LLC in Moscow
  • Moldova Metallurgical Plant (MMP), large electric steel manufacturer[13]
  • 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[14]

Mechanical engineering

  • ORMETO – YUMZ Mechanical Engineering Group of Companies in Orsk, Orenburg Oblast; metallurgy, mining and energy engineering; industrial equipment manufacture

Distribution and other

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

Competition

Domestic competitors include Evraz Group and Novolipetsk Steel.

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See also

References
  1. "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  2. http://www.metalloinvest.com/upload/iblock/1b6/metalloinvest_2016_fs_usd_en_signed.pdf.
  3. "Archived copy". Archived from the original on 4 March 2016. Retrieved 28 February 2016.CS1 maint: archived copy as title (link)
  4. "Archived copy" (PDF). Archived (PDF) from the original on 11 March 2016. Retrieved 28 February 2016.CS1 maint: archived copy as title (link)
  5. "Archived copy". Archived from the original on 7 October 2017. Retrieved 7 October 2017.CS1 maint: archived copy as title (link)
  6. 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.
  7. Lebedinsky GOK
  8. "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.
  9. "Metalloinvest to sell Norilsk Nickel stake - bookrunner". Reuters. 20 July 2017. Archived from the original on 19 September 2017. Retrieved 19 September 2017.
  10. Editorial, Reuters. "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.
  11. "BusinessWorld | SteelAsia forges deals with Russian steel makers". www.bworldonline.com. Archived from the original on 5 August 2017. Retrieved 19 September 2017.
  12. "Oskol". Archived from the original on 26 September 2017. Retrieved 1 April 2020.
  13. MMP
  14. "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.
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