Metalloinvest
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Type | Joint stock |
---|---|
Industry | Mining, steel |
Founded | 1999 |
Headquarters | Moscow |
Key people | Ivan Streshinsky (Chairman) |
Products | Iron 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) |
Owner | USM Holdings (100%)[3] |
Number of employees | 60,000 (2014)[4] |
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 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[]
![](http://upload.wikimedia.org/wikipedia/commons/thumb/f/f2/Mgok-3.jpg/220px-Mgok-3.jpg)
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
- , 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.[12]
- in Stary Oskol, Belgorod Oblast; large manufacturer[13]
- in Moscow
- Moldova Metallurgical Plant (MMP), large electric steel manufacturer[14]
- 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[15]
Mechanical engineering
- in Orsk, Orenburg Oblast; metallurgy, mining and energy engineering; industrial equipment manufacture
Distribution and other
- , transport, rail transport, sea terminals
Competition[]
Domestic competitors include Evraz Group and Novolipetsk Steel.
See also[]
References[]
- ^ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
- ^ a b c d http://www.metalloinvest.com/upload/iblock/1b6/metalloinvest_2016_fs_usd_en_signed.pdf.
- ^ a b "Archived copy". Archived from the original on 4 March 2016. Retrieved 28 February 2016.CS1 maint: archived copy as title (link)
- ^ "Archived copy" (PDF). Archived (PDF) from the original on 11 March 2016. Retrieved 28 February 2016.CS1 maint: archived copy as title (link)
- ^ "Russian Ore Giant Pushes Greener Steel Before Potential IPO". Bloomberg News. 20 August 2021.
- ^ "Archived copy". Archived from the original on 7 October 2017. Retrieved 7 October 2017.CS1 maint: archived copy as title (link)
- ^ 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.
- ^ Lebedinsky GOK
- ^ "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.
- ^ "Metalloinvest to sell Norilsk Nickel stake - bookrunner". Reuters. 20 July 2017. Archived from the original on 19 September 2017. Retrieved 19 September 2017.
- ^ 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.
- ^ "BusinessWorld | SteelAsia forges deals with Russian steel makers". www.bworldonline.com. Archived from the original on 5 August 2017. Retrieved 19 September 2017.
- ^ "Oskol". Archived from the original on 26 September 2017. Retrieved 1 April 2020.
- ^ MMP
- ^ "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[]
- Steel companies of Russia
- Mining companies of Russia
- Companies based in Moscow
- Russian brands