Metalloinvest

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Metalloinvest
TypeJoint stock
IndustryMining, steel
Founded1999
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

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]

In August 2021 Bloomberg News announced the first IPO of Metalloinvest in 2022 with around 22 billion dollars due diligence.[5]

Related companies and subsidiaries[]

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

Investments

  • in Moscow
  • In August 2017, Metalloivest Holding acquired shares in Nautilus Minerals together with Mawarid Offshore Mining.[6]

Mining

  • [7] / in Gubkin, Belgorod Oblast; 20% share of domestic iron ore market[8]
  • /[9] 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.[10] The sale raised around $400 million.[11]

Metallurgy

Mechanical engineering

  • in Orsk, Orenburg Oblast; metallurgy, mining and energy engineering; industrial equipment manufacture

Distribution and other

Competition[]

Domestic competitors include Evraz Group and Novolipetsk Steel.

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. ^ a b c d http://www.metalloinvest.com/upload/iblock/1b6/metalloinvest_2016_fs_usd_en_signed.pdf.
  3. ^ a b "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. ^ "Russian Ore Giant Pushes Greener Steel Before Potential IPO". Bloomberg News. 20 August 2021.
  6. ^ "Archived copy". Archived from the original on 7 October 2017. Retrieved 7 October 2017.CS1 maint: archived copy as title (link)
  7. ^ 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.
  8. ^ Lebedinsky GOK
  9. ^ "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.
  10. ^ "Metalloinvest to sell Norilsk Nickel stake - bookrunner". Reuters. 20 July 2017. Archived from the original on 19 September 2017. Retrieved 19 September 2017.
  11. ^ 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.
  12. ^ "BusinessWorld | SteelAsia forges deals with Russian steel makers". www.bworldonline.com. Archived from the original on 5 August 2017. Retrieved 19 September 2017.
  13. ^ "Oskol". Archived from the original on 26 September 2017. Retrieved 1 April 2020.
  14. ^ MMP
  15. ^ "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.

External links[]

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