Mechel

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Mechel OAO

logo
legal form Open joint-
stock company joint- stock company (Russia)
ISIN RU000A0DKXV5
founding 2003
Seat Moscow , Central District , Russia
RussiaRussia 
management Igor Sjusin, CEO and main owner
Number of employees 71,635 (December 2013)
sales US $ 9.0 billion (2013)
Branch Metallurgy , mining , energy
Website www.mechel.com

Mechel OAO ( Russian Мечел - чел ябинский ме таллургический комбинат, German transcription Mechel , actually translated Chelyabinsk Metallurgical Combine ) is a leading mining and mining companies from Russia , headquartered in Moscow . The company is listed on the Moscow Stock Exchange and is also traded on the New York Stock Exchange .

Mechel mines coal , iron ore , nickel , chrome and produces steel and stainless steel products .

The company has production sites in Russia , Romania and Lithuania .

Divisions

  • Mechel Steel Lithuania
  • Mechel transport
    • Mechel Transport Company: 3,600 wagons
  • Mechel power generation and distribution
  • Takeovers and acquisitions
    • 2007
      • 49% Toplofikatsia Ruse - power plant in Russian ; Bulgaria
      • Ductil Steel - Romania - $ 221M
      • Jakutugol + Elgaugol - Sakha Republic; Yakutia; far East
      • Bratsker Edelstahlwerk - $ 187 million
      • Kuzbass Energy Supply Company - 49% $ 44 million
      • Southern Kuzbass GRES in Kaltan; 93% for $ 265 million
    • 2008
      • 2008 Oriel Resources (nickel + chromium); $ 1.5 billion
      • 2008 HBL Holding (Germany), service and metal trading
    • 2009
      • 2009 Bluestone Coal Corp. (Coal) USA $ 570 million

In 2007, Mechel won the bid for the Jakutugol and Elgaugol coal companies at an auction. According to experts, the coal reserves in the region could amount to 30–40 billion t.

Elgaugol

The open pit is located about 800 km south of Yakutsk and mines Russia's largest hard coal deposit. The Elga deposit consists of steam and coking coal ; stocks amount to 2.1 billion tons. This makes it one of the largest hard coal deposits in the world. Mining began in August 2011, and by the end of the year one million tons of coal should have been mined. The planned annual production after reaching full production is 27 million tons.

In order to tap the coal, a 315 km long branch line and a road are being built from the Baikal-Amur-Magistrale (BAM). At the same time, the largest bulk cargo port in the Far East is being built in Wanino .

From 2012, the coal trains from Elga to the port, 2000 km away, should run. Together with the production from the Neryungrinsky open-cast mine, 15 million tonnes should be handled there annually, and from 2015 25 million tonnes. Up to 220 locomotives and 12,000 wagons will be used to transport this amount of coal to the Pacific. The coal then leaves Russia on 150,000 t freighters for Japan , South Korea and Taiwan .

2010–2030 Mechel supplies the Russian railways with 400,000 t of rails annually.

Web links

Individual evidence

  1. ↑ a b 2013 annual financial statements (English), www.mechel.com, accessed on May 28, 2014.
  2. ↑ Toplofikatsia Ruse ( Memento of the original from March 30, 2009 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.toplo-ruse.com
  3. ^ Mechel announces first production results of Elga coal mine