Siberian Coal Energy Company
Siberian Coal Energy Company (SUEK) is the largest coal company and a systemically important enterprise in Russia.
 | |
| Private (Joint stock company) | |
| Industry | Coal mining and energy producing |
| Founded | 2001 |
| Founder | Andrey Melnichenko |
| Headquarters | , Russia |
Area served | Siberia and Far East |
Key people | Andrey Melnichenko (majority owner) Stepan Solzhenitsyn (CEO) Aleksandr Landia (chairman of board of directors) |
| Products | Coal and energy |
| Revenue | $5.69 billion[1] (2017) |
| $1.08 billion[1] (2017) | |
| $657 million[1] (2017) | |
| Total assets | $10.2 billion[1] (2017) |
| Total equity | $4.49 billion[1] (2017) |
| Owner | Andrey Melnichenko (92.2%) |
Number of employees | 70,000 (2020) |
| Parent | SUEK Plc |
| Website | www |
The company was founded in 2001, headquartered in Moscow with regional offices in the regions. The full official name is Joint-Stock Company Siberian Coal Energy Company (SUEK JSC). The head of the company is CEO (General Director) Stepan Solzhenitsyn, son of novelist Aleksandr Solzhenitsyn.
History
Founded in 2001. SUEK was based on the idea of Russian entrepreneurs Andrey Melnichenko and Sergey Popov to consolidate disparate coal enterprises throughout Russia and create a large industrial holding. The formation began on the basis of coal mining enterprises in the Chita region, Buryatia and the Irkutsk region. In 2002, SUEK included enterprises in Khakassia and the Krasnoyarsk Territory, in 2003 in the Khabarovsk and Primorsky Territories and in the Kemerovo Region. The company is becoming number one in Russia in terms of coal production.
The first years of SUEK focused on the withdrawal of enterprises from the crisis, the repayment of billions of dollars of debt, the technical re-equipment of enterprises, the optimization of the distribution system.
In 2004, coal and a number of Siberian energy companies were merged on the basis of SUEK.
In 2006, SUEK became the largest coal exporter in Russia; The company is actively reforming its management system: an independent Board of Directors has been created, a Management Board has been formed, and a corporate code has been adopted.
In 2007, the company created the SUEK-REGIONS Fund to implement social and charity projects.
In 2007, the merger of SUEK and energy enterprises of Gazprom was announced. It was assumed that during the first half of 2007, these companies will create a joint venture in which they will bring electricity and coal assets. It was expected that Gazprom would receive 50% plus one share in the new enterprise, and SUEK - 50% minus one share. It was most likely that the Siberian Coal Energy Company would give away all major energy and coal assets (with the exception of the networks) as a contribution to the joint venture, while the gas concern would give a stake in regional energy companies These plans alarmed a number of senior officials. The head of RAO "UES of Russia" Anatoly Chubais called them "a big mistake of the state", and the head of the Federal Antimonopoly Service, Igor Artemyev, said that his department would not approve this deal. On June 9, 2008, a refusal to consolidate assets was announced.
In 2008, the Vanino Bulk Terminal in the Khabarovsk Territory, one of the largest coal ports in Russia, began operation. The terminal was built by SUEK from scratch. In 2008, the first in Russia methane-fired power plant in Russia was launched at the SUEK "Named S. M. Kirov" mine.
In 2011, SUEK began development of a new Apsatskoye field in the Trans-Baikal Territory.
In March 2011, it was announced that an agreement was reached between the main shareholders, according to which Popov should sell most of his package of Melnichenko; the transaction was estimated at up to $ 2 billion, in September 2011 this transaction was completed. The transaction was completed in the summer of 2011.
In 2011, energy assets were removed from SUEK to the Siberian Generating Company (SGK).
In 2012, SUEK became a major shareholder of Murmansk Commercial Sea Port JSC.
Owners and management
The majority owner of the company is Russian entrepreneur Andrey Melnichenko, who owns 92.2% of SUEK.
Chairman of the Board of Directors - Aleksandr Landia. CEO (General Director) - Stepan Solzhenitsyn, son of novelist Aleksandr Solzhenitsyn.
The CEO (General Director) from 2004 to 2020 was Vladimir Rashevsky.
Operations
SUEK unites 15 mines and 12 open pits in Siberia and in the Far East, which produce about 28% of coal in Russia. In particular, the company owns Borodinsky] section], Nazarovsky section, Berezovsky section coal mines in Krasnoyarsk Territory, coal-mining enterprises in [ [Kuzbass e, Khakassia, Buryatia, Primorye, Transbaikalia, Khabarovsk Territory. SUEK also includes repair, service, transport enterprises, sales and research companies, Vaninsky bulk terminal.
SUEK owns a stake Murmansk Commercial Sea Port.
SUEK supplies approximately 27% of Russian coal exports. SUEK's share in world coal exports is 5%.
SUEK is the sixth largest company in the world in terms of proven coal reserves - 5.5 billion tons.
The annual investment in development is more than 20 billion rubles.
The company is one of the largest philanthropists and social investors in Russia. Social programs and projects covered 48 cities and towns of Russia.
Performance Indicators
Performance indicators for years, coal production amounted to:
- 2018—110.4 million tons of coal[2]
- 2017—107.8 million tons of coal[3]
- 2016—105.4 million tons of coal[4].
- 2014 - 98.9 million tons of coal[5].
- 2013 - 96.5 million tons, which is 1% less than in 2012 (according to the company's annual report for 2013).
- 2012 - 97.5 million tons of coal, which is 6% more than in 2011 (according to the company's annual report for 2012).
- 2011 - 92.2 million tons of coal (an increase of 3% compared to 2010).[6] Reserves as of mid-2008 - 5.8 billion tons.
See also
References
- "JSC SUEK Consolidated annual financial statements for the year ended 31 December 2017" (PDF). Retrieved 24 October 2018.
- "SUEK increased coal production in 2018 by 2.4 %".
- "SUEK published the results for 2017".
- Enterprises SUEK produced 105.4 million tons of coal in 2016
- SUEK in 2014 increased coal production to 98.6 million tons | Companies | PRIME Economic Information Agency <! - Title added by bot ->
- "SUEK enterprises produced 92.2 million tons of coal in 2011". suek.ru. Archived from the original on 2012-05-04. Retrieved 2012-03-05.