Mechel
 |
|
| Public () | |
| Traded as |
MCX: MTLR MCX: MTLRP : MTL |
| Industry | Mining |
| Founded | 2003 |
| Headquarters | Moscow, Russia |
|
Key people
|
Igor Zyuzin (CEO) |
| Products |
Coking Coal Steam Coal Iron ore in concentrate Raw iron Steel Rolled steel |
| Revenue |
 US$11.3 billion (2012 US GAAP)
|
|
US$898 million (2012 US GAAP)
|
|
|
- US$1.665 billion (2012 US GAAP)
|
|
|
Number of employees
|
more than 80,000 |
| Website | www |
Mechel (Russian: ПАО «Мечел») is one of Russia's leading mining and metals companies, comprising producers of coal, iron ore in concentrate, steel, rolled steel products. Headquartered in Moscow, sells its products in Russia and overseas, and is formally known as Public Joint Stock Company Mechel.
Southern Kuzbass Coal Company acquired control over Chelyabinsk Steel Plant in the summer of 2002 and subsequently announced a merger of Southern Kuzbass and Mechel into Mechel Steel Group. Igor Zyuzin was elected as Chairman of the Board of Mechel Steel Group OAO in January 2004.
Mechel acquired Posyet Sea Commercial Port on the Russian coast of the Sea of Japan in 2004. Mechel submitted a winning bid for a 26.9% stake in Izhstal in May 2004, subsequently increasing its stake to control. Mechel won an auction in January 2005 to buy a blocking stake (25% plus one share of stock) in Yakutugol. Also in 2005, Mechel acquired a controlling stake in Kambarka River Port. In October 2006, Mechel bought control in Moscow Coke and Gas Plant.
Mechel acquired a controlling stake in Southern Kuzbass GRES OAO and Kuzbassenergosbyt power sales company in 2007. Also in 2007, Mechel added to its asset portfolio the Bratsk Ferroalloy Plant, the largest producer of high-silicon content ferrosilicon in Eastern Siberia, producing 84,000 metric tons of this material per annum, or approximately 14% of the total Russian ferrosilicon output. In May 2008, to assure a reliable in-house source of raw materials, Mechel acquired a license to develop the Uvat Quartzite. Proven and probable reserves of this site are about 7 million metric tons, but earlier estimates indicate that 3P (proven, probable, and possible reserves) of the deposit can be as high as 120 million tons. In September 2008, Mechel acquired the Mechel Temryuk Sea Port on the Taman Peninsula in the Sea of Azov. In October, Mechel won the auction to buy a controlling stake in Yakutugol, increasing its overall stake from 25% and one share to 100%. Mechel also acquired Elga Coal Field.
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Wikipedia