Metalloinvest

Metalloinvest
Joint stock
Industry Mining, Steel
Founded 1999
Headquarters Moscow
Key people
 Ivan Streshinsky (Chairman)
Products Iron Ore
Steel
Steel Products
Financial services
Revenue $4.26 billion[1] (2016)
$1.14 billion[1] (2016)
$1.15 billion[1] (2016)
Total assets $6.2 billion[1] (2016)
Total equity $975 million[1] (2016)
Owner USM Holdings (100%)[2]
Number of employees
 60,000 (2014)[3]
Website www.metalloinvest.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 owns 100% of Metalloinvest JSC. Alisher Usmanov is the major beneficiary of USM Holdings (48%), with other major beneficiaries — the companies of Andrei Skoch and Farhad Moshiri — owning 30% and 10%, respectively.[2]

Investments

  • Metalloinvest Holding in Moscow
  • In August 2017, Metalloivest Holding acquired shares in Nautilus Mineralstogether with Mawarid Offshore Mining.[4]

Mining

  • Lebedinsky Mining[5] and Processing Integrated Works/Lebedinsky GOK in Gubkin, Belgorod Oblast; 20% share of domestic iron ore market; Lebedinsky GOK
  • Mikhailovsky Mining and Processing Integrated Works/Mikhailovsky GOK[6] 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.[7] The sale raised around $400 million.[8]

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.[9]
  • Oskol Electrometallurgical Integrated Works in Stary Oskol, Belgorod Oblast; large electric steel manufacturer; Oskol
  • Oskol Trading Metallurgical Company LLC in Moscow
  • Moldova Metallurgical Plant (MMP) large electric steel manufacturer; MMP
  • 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[10]

Mechanical Engineering

Distribution and other

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

Competition

Domestic competitors include Evraz Group and Novolipetsk Steel.

See also

References

  1. 1 2 3 4 5 http://www.metalloinvest.com/upload/iblock/1b6/metalloinvest_2016_fs_usd_en_signed.pdf.
  2. 1 2 "Archived copy". Archived from the original on 4 March 2016. Retrieved 28 February 2016.
  3. ↑ "Archived copy" (PDF). Archived (PDF) from the original on 11 March 2016. Retrieved 28 February 2016.
  4. ↑ "Archived copy". Archived from the original on 7 October 2017. Retrieved 7 October 2017.
  5. ↑ 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.
  6. ↑ "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.
  7. ↑ "Metalloinvest to sell Norilsk Nickel stake - bookrunner". Reuters. 20 July 2017. Archived from the original on 19 September 2017. Retrieved 19 September 2017.
  8. ↑ 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.
  9. ↑ "BusinessWorld | SteelAsia forges deals with Russian steel makers". www.bworldonline.com. Archived from the original on 5 August 2017. Retrieved 19 September 2017.
  10. ↑ "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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