Supriya Ghosh (Editor)

Siberian Coal Energy Company

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Coal mining


4.132 billion USD (2015)


Net income
200 million USD (2015)

Area served
Siberia and Far East

Operating income
US$439 million (2015)

Andrey Melnichenko

Siberian Coal Energy Company wwwgreatminingcomminingcompanySiberianCoalE

Private (Open joint stock company)

Key people
Andrey Melnichenko (chairman)Vladimir Rashevsky (CEO)Alexander Landia (Senior independent director)

Andrey Melnichenko (92.2%)

Razrez Tugnuiski OAO, CJSC Chita Coal Company

khun suek 2012 title opening

Siberian Coal Energy Company (SUEK) is one of top-ten global coal producers by output, international sales and reserves and Russia's largest coal producer, which has affiliates and subsidiaries in Krasnoyarsk Oblast, Primorsky Krai, and Khabarovsk Krai, Chita Oblast, Kemerovo Oblast, Buryatia and Khakassia.



In February 2007, SUEK and Gazprom agreed to establish a joint company on the basis of their electricity and coal assets. The shares of new company would have been divided on the basis of 50% plus 1 share to Gazprom and 50% minus 1 share to SUEK. However, that deal was abandoned.

In June 2010, SUEK obtained regulatory approval to list up to 25% of its shares abroad. However, in August 2010 the IPO was postponed for an unspecified period.

In December 2010, the Federal Antimonopoly Service determined collusion by SUEK and two other coal producers. These accusations were denied by SUEK.

In February 2012, SUEK bought 24.9% stake in the Murmansk port.

Moody's Investors Service has assigned a Ba3 corporate family rating (CFR) and a Ba3-PD probability of default rating to SUEK in October 2013. The assignment of ratings to SUEK follows the company's corporate reorganisation, as a result of which hard coal assets and logistics assets (Vanino Sea Bulk Terminal and Murmansk trade sea ports) will continue to be directly controlled by SUEK OJSC (100% subsidiary of SUEK) while brown coal deposits will be spun off and will be controlled directly by SUEK.


SUEK provides about 38% of coal in the Russian market and about 25% of Russian coal exports. It develops Kharanor, East, and Tugnuisky deposits of coal, and has a license for the development of the Nicholas deposit. In 2015, SUEK produced 97.8 million tons of coal.

In addition to the coal mines, SUEK was a shareholder in several Siberian and Far-Eastern power companies, most prominently in Kuzbassenergo (TGK-12) and Yenisei TGK (TGK-13). However, in April 2011 the company announced a plan to de-merge its power assets. As the first stage of de-merging, the power assets were transferred to Siberian Energy Investments Ltd., a holding company controlled by the SUEK's major shareholder Donalink Ltd.


The chairman of the board of directors is Andrey Melnichenko and the CEO is Vladimir Rashevsky, a minor shareholder of the company. 100% of SUEK shares are owned by SUEK Plc, a Cyprus-registered company controlled by Andrey Melnichenko.


Siberian Coal Energy Company Wikipedia

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